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5 Dana Avenue, Kittery, Mai...

Boston Realty Advisors Facilitates $7.54M Loan For Industrial Properties In Eliot & Kittery, ME
FINANCEDIndustrial

Boston Realty Advisors Facilitates $7.54M Loan For Industrial Properties In Eliot & Kittery, ME

5 Dana Avenue, Kittery, Maine 03904, United States

$7,540,000

Building Size

Asset Type

Industrial

Closing

Oct 30, 2022

AI

An industrial property located at 801-811 Dow Highway & 2-4 & 5 Dana Ave in Eliot & Kittery, ME has been involved in a recent transaction. The property is situated in a prime market and offers potential for industrial use. The loan amount for this transaction is $7,540,000.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $7,540,000
  • Address: 801-811 Dow Highway & 2-4 & 5 Dana Ave, Eliot & Kittery, ME
  • Market: Eliot & Kittery, ME

The deal was facilitated by Kevin Benzinger and Nicholas Herz from Boston Realty Advisors. They played a crucial role in representing the parties involved in the transaction and ensuring its successful completion.

Players

Kevin Benzinger

Boston Realty Advisors

Broker

$478.4M

vol

38 deals

Broker

Kittery 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

2.10%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93