Cushman & Wakefield Secures $80.7M Loan For Office Building In Warren
184 Liberty Corner Rd, Warren, NJ, 07...
$80,700,000
Building Size
—
Asset Type
Office
Closing
Nov 22, 2023
AI
The loan amount of $80,700,000.00 was secured by Center 78, an office building located at 184 Liberty Corner Road in Warren, New Jersey. The 369,797-square-foot institutional quality office building is situated on a 47-acre site in Somerset County, Warren.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $80,700,000.00
- Address: 184 Liberty Corner Rd, Warren, NJ, 07059
- Market: Warren
- Borrower's Rep: Sridhar Vankayala (Cushman & Wakefield)
- Borrower: Greenfield Partners
- Lender: Natixis Real Estate Capital
John Alascio of Cushman & Wakefield also played a role in representing Normandy Real Estate Partners in the financing deal for Center 78 in Warren, New Jersey.
Players
Warren Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93