Signature Bank Provides $39M Loan For Industrial Portfolio In Woodbridge And Moonachie
Roselle, New Jersey, United States
$39,000,000
$98/SF
Building Size
395,000 SF
Asset Type
Industrial
Closing
Feb 20, 2022
AI
The Industrial Portfolio, located in Woodbridge, Moonachie, Clifton, Woodland Park, Wyckoff, and Roselle, has recently undergone a closed transaction. This industrial property spans across a total area of 395,000 square feet.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $39,000,000
- Address: Industrial Portfolio
- Market: Woodbridge, Moonachie, Clifton, Woodland Park, Wyckoff & Roselle
The loan for this transaction was provided by Signature Bank, with Zachary Bermudez serving as the representative. The landlord of the property is The STRO Cos., represented by Jack Shulman.
Players
Roselle 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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93