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80 Fulton Street, Edison, N...

Updated Oct 29, 2024

TD Bank Provides $2.1M Loan For Retail Acquisition In Edison, NJ
FINANCEDRetail

TD Bank Provides $2.1M Loan For Retail Acquisition In Edison, NJ

80 Fulton Street, Edison, NJ, USA

$2,100,000

$191/SF

Building Size

10,958 SF

Asset Type

Retail

Closing

Apr 19, 2021

About this deal

AI

80 Fulton Street in Edison, NJ has recently undergone a property transaction. The asset involved in this transaction is a retail property. The property was acquired through an acquisition loan provided by TD Bank. The loan amount for this transaction was $2,100,000. Caillin Boles from Progress Capital served as the broker for this deal. The building, which was purchased vacant, will be renovated into an owner-occupied Design Center.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $2,100,000
  • Lender: TD Bank
  • Broker: Caillin Boles @CBoles21 - Progress Capital @Progress.Capital

This transaction involved key individuals and companies who played a significant role in the deal. In particular, Caillin Boles represented the buyer as the broker from Progress Capital. The involvement of these individuals and organizations contributed to the successful completion of this transaction.

Players

Caillin Boles

Cushman & Wakefield

Broker

$535M

vol

45 deals

Broker
TD Bank
TD BankLender

Edison Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Deal FAQ

About $191 per square foot on a published $2.1M for 10,958 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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