Updated Oct 28, 2024
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
Eatontown 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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93