PCCP LLC Refinances Industrial Properties In Watertown & Newton, MA For $39.8M
FINANCED
$39,800,000
Massachusetts
See Similar DealsIndustrial124,946 SF
Financed 09/07/2021
FINANCED
PCCP LLC Refinances Industrial Properties In Watertown & Newton, MA For $39.8M
165 Dexter Ave, Watertown, MA, USA
See Similar DealsIndustrial124,946 SF
Financed 09/07/2021
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$318
Total Square Footage:124,946 SF
Transaction Type:Loan
Three industrial properties located at 165 Dexter Ave, 85 School Street, and 59-85 Chapel Street in Watertown and Newton, MA have been involved in a loan transaction. The total square footage of the properties is 124,946, and they are owned by KS Partners.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $39,800,000
The loan for this transaction was provided by PCCP LLC, represented by Brian Haber. The loan type is a refinance.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$39,800,000.00
Monthly NOI$265,333.33
Monthly Debt Service$251,563.07
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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