FINANCEDRetail
Brian Anderson Secures $4.95M Acquisition Loan In Bridgewater, NJ For Retail Property
1329 Prince Rodgers Avenue
$4,950,000
$119/SF
Building Size
41,589 SF
Asset Type
Retail
Closing
Mar 7, 2024
AI
The property located at 1329 Prince Rodgers Avenue in Bridgewater, NJ, is a retail asset spanning 41,589 square feet. Michael Mostoff is the landlord of this property.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,950,000
- Loan Type: Acquisition
- Loan Terms: 6.875% fixed for 5-years
Brian Anderson from Progress Capital acted as the broker in this deal. The loan amount secured for this transaction was $4,950,000 at an interest rate of 6.875% fixed for 5 years.
Bridgewater Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.20%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93