Wells Fargo Provides $42.6M Loan For Industrial Property In Logan Township
FINANCED
$42,600,000
New Jersey
See Similar DealsIndustrial3,200,000 SF
Financed 06/15/2020
FINANCED
Wells Fargo Provides $42.6M Loan For Industrial Property In Logan Township
700 Crossroads Boulevard, Logan Township, Bridgeport, NJ, USA
See Similar DealsIndustrial3,200,000 SF
Financed 06/15/2020
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$13
Total Square Footage:3,200,000 SF
Transaction Type:Loan
The industrial property located at 700 Crossroads Boulevard in Logan Township has been involved in a recent transaction. The property spans over 3,200,000 square feet and sits on 415 acres. It is owned by Advance Realty Investors and Greek Development.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $42,600,000
- Address: 700 Crossroads Boulevard, Logan Township
- Market: Logan Township
Wells Fargo provided a loan for the transaction, amounting to $42,600,000. The brokers involved in the deal were John Alascio, Chuck Kohaut, and T.J. Sullivan from Cushman & Wakefield.
Players
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$42,600,000.00
Monthly NOI$284,000.00
Monthly Debt Service$269,260.98
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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