Updated Nov 28, 2024
Citi Group Provides $92M Loan For Life Sciences Property In Bridgewater, NJ
1041 U.S Highway 202, Bridgewater, NJ, USA
$92,000,000
$117/SF
Building Size
783,500 SF
Asset Type
Other
Closing
Aug 1, 2019
About this deal
AI
A life sciences property located at 1041 U.S. Highway 202/206 in Bridgewater, NJ has secured a loan for $92,000,000 from Citi Group. The property spans 783,500 square feet and is owned by Thor Equities.
Summary of transaction details
- Property Type: Life Sciences
- Transaction Amount: $92,000,000
- Address: 1041 U.S. Highway 202/206, Bridgewater, NJ
- Market: Bridgewater, NJ
The loan was facilitated by Newmark Knight Frank brokers Jordan Roeschlaub and Dustin Stolly on behalf of the borrower. Jordan Roeschlaub and Dustin Stolly represented the borrower in the transaction.
Players
Bridgewater Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93