Updated Dec 4, 2024
Meridian Capital Group Arranges $45M Construction Loan For 351K SF Industrial Property In Mansfield, New Jersey
$45,000,000
$128/SF
Building Size
351,000 SF
Asset Type
Industrial
Closing
Oct 23, 2023
About this deal
AI
An industrial property located in Mansfield, New Jersey has recently undergone a closed transaction. The property spans across 351,000 square feet, making it a significant asset in the market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $45,000,000
- Date: 10/23/2023
- Market: Mansfield, New Jersey
- Brokers: Morris Betesh & Morris Dabbah - Meridian Capital Group
The loan obtained for this transaction amounted to $45,000,000, with a specific focus on construction. This investment highlights the potential for development and future growth in the industrial sector of Mansfield, New Jersey.
Players
Market 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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93