Updated Dec 21, 2023
Axiom Capital Corp Arranges $25M Loan For Retail Property In Franklin Township
270 NJ-23, Franklin, NJ 07416, United States
$25,000,000
$220/SF
Building Size
113,204 SF
Asset Type
Retail
Closing
Mar 13, 2022
About this deal
AI
Located at 270 NJ-23 in Franklin Township, this retail property spans over 113,204 square feet. The transaction, closed on 03/14/2022, involved a loan amount of $25,000,000. Axiom Capital Corp acted as the broker for this deal. The loan terms consisted of a 10-year term and a fixed interest rate.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $25,000,000
- Address: 270 NJ-23
- Market: Franklin Township
- Square Footage: 113,204 SF
The key individuals involved in this transaction were represented by Axiom Capital Corp as the broker. Charles Cronin's image was shared on Instagram in relation to this deal.
Players
Franklin 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93