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Highland Cross, Rutherford,...

Pacific Coast Capital Partners Provides $115M Loan For Warehouse In Rutherford
FINANCEDWarehouse

Pacific Coast Capital Partners Provides $115M Loan For Warehouse In Rutherford

Highland Cross, Rutherford, NJ, 07070

$115,000,000

Building Size

Asset Type

Warehouse

Closing

Nov 22, 2023

AI

The warehouse located at Highland Cross in Rutherford, NJ, 07070 was involved in a recent transaction where Pacific Coast Capital Partners (PCCP) provided a loan amounting to $115,000,000.00. The property serves as a valuable asset in the Rutherford market.

Summary of transaction details:

  • Property Type: Warehouse
  • Transaction Amount: $115,000,000.00
  • Address: Highland Cross, Rutherford, NJ, 07070
  • Market: Rutherford
  • Borrower's Rep: T. J. Sullivan (Cushman & Wakefield), Zackary Kraft (Cushman & Wakefield)
  • Lender: Pacific Coast Capital Partners (PCCP)

T. J. Sullivan and Zackary Kraft from Cushman & Wakefield acted as the borrower's representatives in the deal. The lender, Pacific Coast Capital Partners (PCCP), facilitated the substantial loan of $115,000,000.00 for the warehouse transaction, showcasing the involvement of notable professionals in the real estate financing sector.

Players

T. J. Sullivan

Cushman & Wakefield

Broker

$454.2M

vol

4 deals

Broker
Pacific Coast Capital Partners (PCCP)
Pacific Coast Capital Partners (PCCP)Lender

Rutherford Warehouse Market Snapshot

Boundary boundary · Warehouse · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.14%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93