Castellan Real Estate Partners Provides $8.75M Loan For Industrial Asset In Eatontown
$8,750,000
$88/SF
Building Size
99,342 SF
Asset Type
Industrial
Closing
Dec 30, 2025
AI
The asset involved in this transaction is an industrial property located in Eatontown, encompassing a total square footage of 99,342. The loan amount for this transaction is set at $8,750,000, categorized as a note on note type loan with terms lasting for 2 years.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,750,000
- Market: Eatontown
- Asset Size (SF): 99,342
- Lender: Castellan Real Estate Partners
- Broker: Pinchas Vogel - Landstone Capital Group
- Loan Terms: 2 Years
Key individuals in this transaction include Paul Salib and Pinchas Vogel, with Pinchas Vogel representing the broker side as part of Landstone Capital Group in this loan agreement facilitated by Castellan Real Estate Partners.
Players
Eatontown 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
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93