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100 Campus Dr, Scarborough,...

Brookline Bank Provides $66M Loan For Marlborough Office Property
FINANCEDOffice

Brookline Bank Provides $66M Loan For Marlborough Office Property

100 Campus Dr, Scarborough, ME 04074, USA

$66,000,000

$12/SF

Building Size

5,319,160 SF

Asset Type

Office

Closing

Jun 17, 2020

AI

The office property located at 100 Campus Drive in Marlborough has been involved in a recent transaction. The property, spanning 531,916 square feet, was subject to a loan transaction.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $66,000,000
  • Address: 100 Campus Drive, Marlborough
  • Market: Marlborough

The loan for this transaction was provided by Brookline Bank. The landlords of the property are Greatland Realty Partners, represented by Kevin Sheehan, and Breed's Hill Capital, represented by John Edwards. The deal was facilitated by Lauren O'Neil, Andrew Gray, and Henry Schaffer from JLL Capital Markets.

Players

Henry Schaffer

JLL

Broker

$1.7B

vol

17 deals

Broker
Brookline Bank
Brookline BankLender

Scarborough Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93