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
About this deal
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.
On the Map
$66,000,000
$12/SF
Office
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Players
Scarborough Office Market Snapshot
Boundary boundary · Office · Loan transactions
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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