Updated Dec 12, 2024
J.P. Morgan Provides $367.8M Loan For East Coast Logistics Portfolio
New Jersey, United States
$367,830,000
$122,610,000/SF
Building Size
3 SF
Asset Type
Industrial
Closing
Jul 18, 2022
About this deal
AI
The East Coast Logistics Portfolio, a 3,034,000 square-foot industrial property, has recently undergone a closed transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $367,830,000
- Address: East Coast Logistics Portfolio
- Market: New Jersey, Pennsylvania, Maryland, New York City, Philadelphia, Baltimore & Washington, D.C
This deal was financed by J.P. Morgan, who provided a loan amount of $367,830,000. The landlord for the property is Ares Management Real Estate. Cushman & Wakefield, represented by John Alascio, Alex Hernandez, Alex Lapidus, Chuck Kohaut, T.J. Sullivan, and Jason Blankfein, acted as the brokers in this transaction.
Players
Jackson 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
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93