Camber Real Estate Partners Secures $89.1M Loan For South Jersey, Bucks County Industrial Portfolio
Delran, New Jersey, United States
$89,100,000
$74/SF
Building Size
1,200,000 SF
Asset Type
Industrial
Closing
Oct 13, 2022
AI
The South Jersey, Bucks County industrial Portfolio in Delran, Bridgeport, Evesham, Cinnaminson, Mount Laurel, New Jersey, and Bristol, Pennsylvania has been sold in a closed transaction. The industrial property spans 1,200,000 square feet, making it a substantial asset in the market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $89,100,000
- Loan Terms: Floating-rate
- Lender: natixis''>Natixis
- Landlord: Camber Real Estate Partners
- Brokers: John Alascio, Chuck Kohaut & TJ Sullivan - Cushman & Wakefield
The deal was facilitated by John Alascio, Chuck Kohaut, and TJ Sullivan of Cushman & Wakefield. They represented the buyer or seller in the transaction.
Players
Delran 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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93