Updated Sep 11, 2026
The Feldman Companies Secure $23M Bridge Loan For Industrial Property In Morrisville, PA | Extra Space Capital
957 Lincoln Highway
$23,000,000
$170/SF
Building Size
135,000 SF
Asset Type
Industrial
Closing
Apr 27, 2023
About this deal
AI
The industrial property located at 957 Lincoln Highway in Morrisville, PA has been involved in a closed transaction. The property spans 135,000 square feet in size and is classified as an industrial asset.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $23,000,000
- Address: 957 Lincoln Highway, Morrisville, PA
- Market: Morrisville, PA
The lender in this transaction was Extra Space Capital, providing a bridge loan for the property. The landlord of the property is The Feldman Companies, represented by Mitchell Feldman and Jordan Feldman.
On the Map
$23,000,000
$170/SF
Industrial
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Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93