New Jersey Logistics
An industrial property in Howell, New Jersey. Securitized in 1 CMBS deal in 2024.
$80.3MAppraised value (latest deal)
100.0%Occupancy
$5.0MUnderwritten NOI
6.2%Implied cap rate
- Address
- 400 Fairfield Road, Howell, NJ 07728
- Property type
- Industrial · Warehouse / Distribution
- Year built
- 2023
- Size
- 368,050 SF
- Sponsor
- MCB 2024 Lender LLC
- Loan purpose
- Acquisition
- Largest tenant
- EDA International
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BBCMS 2024-5C29 | 2024-09-18 | $80.3M | 100.0% | $5.0M | 6.2% | $42.0M | 52.3% | 1.81x | 424B |
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%.