Marcus & Millichap Capital Corp Arranges $17.25M Loan For Mixed-Use Property In Linden, NJ
1120 East Saint Georges Avenue, Linden, NJ 07036, USA
$17,250,000
$215/SF
Building Size
80,000 SF
Asset Type
Mixed-use
Closing
Jun 4, 2020
AI
1120 East Saint Georges Ave in Linden, NJ has been the subject of a recent closed transaction. This mixed-use property, located in the market of Linden, NJ, has garnered attention due to its attractive features and potential for various uses.
Summary of transaction details:
- Property Type: Mixed-use
- Loan Amount: $17,250,000
- Units: 113
Joseph Belgiovine from Marcus & Millichap Capital Corp played a significant role in this transaction as the broker representing the involved parties. With their expertise and guidance, the deal for 1120 East Saint Georges Ave was successfully closed.
This transaction highlights the value and potential of the mixed-use property market in Linden, NJ. The loan amount of $17,250,000 demonstrates the confidence in the property's potential for generating revenue. With 113 units available, the property offers ample opportunities for various types of tenants and businesses.
Linden Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93