FINANCEDOffice
Black Bear Capital Partners (“BBCP”) is pleased to announce the successful closing of a $3,020,000 refinancing for an 11,000-square-foot, (NNN) single-tenant medical office property located in Bayonne, NJ.
471 Broadway /
$3,020,000
Building Size
—
Asset Type
Office
Closing
May 28, 2026
AI
The asset is a single-tenant medical office property located at 471 Broadway in Bayonne, NJ, encompassing 11,000 square feet. The recent refinancing secured a loan amount of $3,020,000.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $3,020,000
- Loan Type: Refinance
- Loan Terms: Five-year fixed-rate loan with a 25-year amortization schedule
- Capital Market Advisor: Emil DePasquale - Black Bear Capital Partners
- Date of Transaction: 5/29/2026
- Market: Bayonne, NJ
Emil DePasquale of Black Bear Capital Partners was instrumental in advising during this refinancing transaction for the medical office property, facilitating the successful closing of the loan arrangement.
Bayonne 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
5.25%
Cash-on-Cash
-1.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93