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4 Industrial Way West, Eato...

Updated Oct 28, 2024

The Donato Group Secures $9M Loan For Office Property In Eatontown, New Jersey
FINANCEDOffice

The Donato Group Secures $9M Loan For Office Property In Eatontown, New Jersey

4 Industrial Way West, Eatontown, NJ 07724

$9,000,000

$112/SF

Building Size

80,188 SF

Asset Type

Office

Closing

Jul 13, 2020

About this deal

AI

The office property located at 4 Industrial Way West in Eatontown, NJ has recently undergone a closed transaction. The property, owned by The Donato Group, was involved in the deal. The transaction was facilitated by brokers Michael Klein, Max Custer, and Gerard Quinn from JLL. The deal involved a loan amount of $9,000,000. The office building spans across 80,188 square feet and sits on approximately 4.6 acres of land.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $9,000,000
  • Landlord: The Donato Group
  • Brokers: Michael Klein, Max Custer, and Gerard Quinn - JLL
  • Address: 4 Industrial Way West, Eatontown, NJ
  • Market: Eatontown, NJ
  • Square Footage: 80,188
  • Acres: 4.6

The involvement of Michael Klein, Max Custer, and Gerard Quinn from JLL highlights the key individuals and companies in the deal. They played an important role in facilitating the transaction for the office property located at 4 Industrial Way West in Eatontown, NJ. The collaboration between The Donato Group as the landlord and the brokers from JLL resulted in the successful transaction.

Players

Michael Klein

JLL

Broker

$2.6B

vol

80 deals

Broker

Eatontown Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Deal FAQ

About $112 per square foot on a published $9M for 80,188 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.76%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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