Updated Dec 4, 2024
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
About this deal
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.
The retail loan at 1329 Prince Rodgers Avenue in Bridgewater, New Jersey financed for $5M in 2024. The building is 41,589 square feet, implying about 119 per square foot on the published price. Brian Anderson, Progress Capital appear on the loan alongside Progress Capital. This page is the Bridgewater, New Jersey file for the 1329 Prince Rodgers Avenue retail financed: pricing, party profiles, and other closed retail comps from the same Bridgewater sit in the Market section below. Filter that Bridgewater retail set by closing date to see what else financed near 1329 Prince Rodgers Avenue around 2024. Published consideration for 1329 Prince Rodgers Avenue is $5M, dated 2024. Cite this Brian Anderson Secures $4.95M Acquisition Loan In Bridgewater, NJ For Retail Property loan when underwriting similar retail product around Bridgewater, New Jersey.
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