Updated Oct 29, 2024
TD Bank Provides $3.6M Refinance Loan For Linden Office/Industrial Property
330 Dalziel Rd Linden, NJ 07036, USA
$3,600,000
$90/SF
Building Size
40,000 SF
Asset Type
Office
Closing
May 2, 2023
About this deal
AI
An office/industrial property located at 330 Dalziel Road in Linden, NJ has recently undergone a refinance transaction. The property, owned by Brock Glenn & G-Tech Elevator Associates, has obtained a loan from TD Bank in the amount of $3,600,000.
Summary of transaction details:
- Property Type: Office/Industrial
- Transaction Amount: $3,600,000
- Lender: TD Bank
- Landlord: Brock Glenn & G-Tech Elevator Associates
- Broker: Frank Stanislaski - Progress Capital
- Loan Type: Refinance
- Market: Linden, NJ
Frank Stanislaski from Progress Capital represented the landlord, Brock Glenn & G-Tech Elevator Associates, in this loan refinance transaction.
Players
New Jersey 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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93