Updated Sep 9, 2024
Anthony Scavo & Dan Weinstein Secure $12.1M Construction Loan For Self Storage In Voorhees, NJ
111 Centennial Blvd Voorhees Township, NJ 08043, USA
$12,100,000
Building Size
—
Asset Type
Self Storage
Closing
Aug 31, 2023
About this deal
AI
The self storage property located at 111 Centennial Boulevard in Voorhees, NJ has recently been involved in a loan transaction. The loan amount for this transaction was $12,100,000, and it was a construction loan.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: $12,100,000
- Address: 111 Centennial Boulevard, Voorhees, NJ
- Market: Voorhees, NJ
- Loan Type: Construction
- Landlord's Representative: Anthony Scavo & Dan Weinstein
Anthony Scavo and Dan Weinstein acted as the landlords' representatives in this loan transaction.
The self storage loan at 111 Centennial Blvd Voorhees Township, NJ 08043, USA in Voorhees, New Jersey financed for $12.1M in 2023. 111 Centennial Blvd Voorhees Township, NJ 08043, USA is classified as Self Storage on Traded. Anthony Scavo, Dan Weinstein, Basis Industrial appear on the loan alongside Basis Industrial. This page is the Voorhees, New Jersey file for the 111 Centennial Blvd Voorhees Township, NJ 08043, USA self storage financed: pricing, party profiles, and other closed self storage comps from the same Voorhees sit in the Market section below. Filter that Voorhees self storage set by closing date to see what else financed near 111 Centennial Blvd Voorhees Township, NJ 08043, USA around 2023. Published consideration for 111 Centennial Blvd Voorhees Township, NJ 08043, USA is $12.1M, dated 2023. Cite this Anthony Scavo & Dan Weinstein Secure $12.1M Construction Loan For Self Storage In Voorhees, NJ loan when underwriting similar self storage product around Voorhees, New Jersey.
On the Map
$12,100,000
Self Storage
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Voorhees Self Storage Market Snapshot
Boundary boundary · Self Storage · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.31%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93