Northwestern Mutual Provides $235M Loan For Industrial Property In Linden, NJ
600 Linden Logistics Way, Linden, NJ 07036
$235,000,000
$279/SF
Building Size
840,203 SF
Asset Type
Industrial
Closing
Dec 10, 2021
AI
600 Linden Logistics Way, located in Linden, NJ, is a 840,203 square foot industrial property that recently underwent a closed transaction. The property was the subject of a loan provided by Northwestern Mutual, amounting to $235,000,000. This 10-year, fixed-rate loan was secured by the asset.
Summary of Transaction Details:
- Property Type: Industrial
- Transaction Amount: $235,000,000
- Market: Linden, NJ
- Address: 600 Linden Logistics Way
- Loan Provider: Northwestern Mutual
In this deal, the property's landlord consisted of Advance Realty Investors, represented by Peter Cocoziello, and Greek Development, represented by Frank Greek. The transaction was brokered by John Alascio, Chuck Kohaut, TJ Sullivan, John Spreitzer, Sebastian Sanchez, and Zachary Smolev, all from Cushman & Wakefield.
Players
Linden Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93