Updated Dec 3, 2024
Jeff Bezos' Amazon Fulfillment Center In South Budd Lake, NJ Secures $18M Loan From Lakeland Bank
81 International Dr S, Flanders, Nj 07836, Usa
$18,000,000
Building Size
—
Asset Type
Industrial
Closing
Jul 26, 2020
About this deal
AI
An Industrial property located at 81 International Drive in South Budd Lake, Mount Olive Twp., NJ has undergone a closed transaction. The property is an Amazon Fulfillment Center, fully leased to @Amazon. The construction of the fulfillment center is currently underway. The property spans across 13 acres in total.
Summary of transaction details
- Property Type: Industrial (Amazon Fulfillment Center)
- Transaction Amount: $18,000,000
- Acres: 13
- Market: South Budd Lake, Mount Olive Twp., NJ
- Lender: Lakeland Bank
- Landlord: Dino Tomassetti
- Tenant: @Amazon
- Broker: Kathy Anderson - @Progress.Capital
- Loan Image: Kathy Anderson, Jeff Bezos & Dino Tomassetti
Kathy Anderson from @Progress.Capital acted as the broker in this transaction. The deal involved a loan amount of $18,000,000 provided by Lakeland Bank. Dino Tomassetti served as the landlord for the property, while the tenant is @Amazon.
On the Map
$18,000,000
Industrial
View full map
Players
Budd Lake Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Browse Budd Lake industrial loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93