Updated Oct 28, 2024
Wells Fargo Provides $42.6M Loan For Industrial Property In Logan Township
700 Crossroads Boulevard, Logan Township, Bridgeport, NJ, USA
$42,600,000
$13/SF
Building Size
3,200,000 SF
Asset Type
Industrial
Closing
Jun 15, 2020
About this deal
AI
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
Swedesboro 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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93