FINANCEDSelf Storage
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
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.
Players
Voorhees Self Storage Market Snapshot
Boundary boundary · Self Storage · Loan transactions
Loading comparables…
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