309 Dulty's Lane
An industrial property in Burlington, New Jersey. Securitized in 4 CMBS deals in 2022.
$107.9MAppraised value (latest deal)
100.0%Occupancy
$3.5MUnderwritten NOI
3.2%Implied cap rate
- Address
- 309 Dulty's Lane, Burlington, NJ 08016
- Property type
- Industrial · Warehouse / Distribution
- Year built
- 2001
- Size
- 633,836 SF
- Sponsor
- Industrial Logistics Properties Trust
- Loan purpose
- Recapitalization
- Largest tenant
- BJ's Wholesale Club
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2022-L8 | 2022-04-07 | $107.9M | 100.0% | $3.5M | 3.2% | $2.2M | 29.0% | 3.12x | 424B |
| WFCM 2022-C62 | 2022-04-18 | $107.9M | 100.0% | $3.5M | 3.2% | $1.4M | 29.0% | 3.12x | 424B |
| BANK 2022-BNK41 | 2022-05-05 | $107.9M | 100.0% | $3.5M | 3.2% | $1.1M | 29.0% | 3.12x | 424B |
| BBCMS 2022-C16 | 2022-06-28 | $107.9M | 100.0% | $3.5M | 3.2% | $3.7M | 29.0% | 3.12x | 424B |
Historical NOI reported in BBCMS 2022-C16
| Period ending | NOI |
|---|---|
| 12/31/2021 | $3.5M |
| 12/31/2020 | $3.4M |
| 12/31/2019 | $3.3M |
More CMBS properties in New Jersey →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.