Denholtz Properties Secures $16.86M Loan For Industrial Property In Toms River, NJ | 1545-1575 Route 37 West | Minnesota Life Insurance | Michael Pagniucci, Gerard Quinn, Jon Mikula, Michael Klein | Industrial | Loan

Summary

Loan

NEW JERSEY

Industrial

258,123 sqft

A $16,860,000 loan has been secured for an industrial property located at 1545-1575 Route 37 W in Toms River, NJ, Upper Macungie & Allentown, PA. The property spans 258,123 square feet and is owned by Denholtz Properties, represented by Steven Denholtz. The loan was provided by Minnesota Life Insurance Co.

Summary of transaction details

Property Type: Industrial
Transaction Amount: $16,860,000
Address: 1545-1575 Route 37 W, Toms River, NJ, Upper Macungie & Allentown, PA
Market: Toms River, NJ, Upper Macungie & Allentown, PA

The deal was facilitated by JLL Capital Markets, with brokers Jon Mikula, Michael Klein, Michael Pagniucci, and Gerard Quinn representing the parties involved. The loan terms consist of two separate 10-year, fixed-rate loans.

Players

All
6

Agents
4
Agencies
1
Lenders
1

$73M Sold

$305M Sold

Senior Managing Director

$110M Sold

Michael Klein

Senior Managing Director

$174.1M Sold

Details

Deal Summary

FINANCED

IMAGE: Michael Klein, Steven Denholtz, Michael Pagniucci & Jon Mikula DATE: 05/28/2021 ADDRESS: 1545-1575 Route 37 W MARKET: Toms River, NJ, Upper Macungie & Allentown, PA ASSET TYPE: Industrial LENDER: Minnesota Life Insurance Co. LANDLORD: Denholtz Properties - Steven Denholtz BROKERS: Jon Mikula, Michael Klein, Michael Pagniucci & Gerard Quinn - JLL Capital Markets LOAN AMOUNT: $16,860,000 LOAN TERMS: two separate 10-year, fixed-rate loans SF: 258,123

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Address1545-1575 Route 37 West

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