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
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