Camber Real Estate Partners Acquires Industrial Property In Pine Brook For $24.9M
FINANCED
$24,900,000
+ 1
New Jersey
See Similar DealsIndustrial259,230 SF
Financed 03/11/2022
FINANCED
Camber Real Estate Partners Acquires Industrial Property In Pine Brook For $24.9M
60 Chapin Road, Pine Brook, New Jersey 07058, United States
See Similar DealsIndustrial259,230 SF
Financed 03/11/2022
+ 1
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$96
Total Square Footage:259,230 SF
Transaction Type:Loan
Located at 60 Chapin Road in Pine Brook, this industrial property spans 259,230 square feet. The acquisition was facilitated by a three-year, $24,900,000 loan provided by Voya Investment Management. Camber Real Estate Partners, represented by Dave Surti, acted as the landlord in this transaction.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $24,900,000
- Address: 60 Chapin Road
- Market: Pine Brook
John Alascio, Chuck Kohaut, TJ Sullivan, and John Spreitzer from Cushman & Wakefield served as brokers in this deal.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$24,900,000.00
Monthly NOI$166,000.00
Monthly Debt Service$157,384.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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