Updated Oct 29, 2024
Camber Real Estate Partners Acquires Property At 19 Chapin Rd Montville For $52.85M
19 Chapin Rd, Montville, NJ, 07058
$52,850,000
$99/SF
Building Size
529,110 SF
Asset Type
Industrial
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in the transaction is located at 19 Chapin Rd, Montville, NJ, 07058 within the Pine Brook market. The deal was completed for a price of $52,850,000.00 and encompasses a total square footage of 529,110.
Summary of transation details:
- Property Type: Sale
- Transaction Amount: $52,850,000.00
- Address: 19 Chapin Rd, Montville, NJ, 07058
- Market: Pine Brook
- Seller's Representative: Kevin O’Hearn & J.B. Bruno - JLL
- Buyer: Camber Real Estate Partners
Key individuals involved in the deal include Kevin O’Hearn and J.B. Bruno, who represented the seller, while the buyer, Camber Real Estate Partners, was responsible for acquiring the property. The collaboration of these parties facilitated the successful completion of the transaction in the specified market.
On the Map
$52,850,000
$99/SF
Industrial
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Players
Pine Brook Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93