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19 Chapin Rd, Montville, NJ...

Camber Real Estate Partners Acquires Property At 19 Chapin Rd Montville For $52.85M
SOLDIndustrial

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

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.

Players

J.B. Bruno

JLL

Broker

$555.4M

vol

15 deals

Broker
CP
Camber Real Estate PartnersBuyer

Pine Brook Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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