Updated Mar 11, 2025
Mag Mile Capital Provides $8.85M Loan For Office And Industrial Properties In Hammonton And Egg Harbor Township
392 South White Horse Pike, Hammonton, New Jersey 08089, United States
$8,850,000
Building Size
—
Asset Type
Office
Closing
Apr 28, 2022
About this deal
AI
The recent closed transaction in Hammonton and Egg Harbor Township involved multiple properties located at 392 White Horse Pike, 6727 Delilah Road, and 897 Twelfth Street. These properties fall under the asset types of office and industrial. The transaction took place on 04/29/2022.
Summary of transaction details:
- Property Type: Office & Industrial
- Transaction Amount: $8,850,000
- Market: Hammonton & Egg Harbor Township
The lender involved in this transaction was Mag Mile Capital, represented by Bob Scarantino. They provided a loan amount of $8,850,000 on a 10-year term.
Players
Hammonton 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
1.79%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93