Gantry Arranges $10.2M Acquisition Loan For Moove In Storage In Mickleton
350 Swedesboro Avenue
$10,200,000
Building Size
—
Asset Type
Self Storage
Closing
May 29, 2024
AI
A $10.2 million acquisition loan was arranged by Gantry for a 454-unit self-storage facility located at 350 Swedesboro Avenue in Mickleton, NJ. The property, owned by Moove In Storage, features climate-controlled space, drive-up units, and vehicle storage.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $10,200,000
- Units: 454
- Address: 350 Swedesboro Avenue
- Market: Mickleton
- Landlord: Moove In Storage
- Brokers: Amit Tyagi, Andy Bratt & Sean Kuang - Gantry
The acquisition loan for the self-storage facility was facilitated by Amit Tyagi, Andy Bratt, and Sean Kuang from Gantry. They played a crucial role in securing the financing for Moove In Storage's property in Mickleton.
Players
Gibbstown 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
1.56%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93