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
Rutherford Warehouse Market Snapshot
Boundary boundary · Warehouse · Loan transactions
Loading comparables…
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