Updated Oct 28, 2024
PCCP LLC Refinances Industrial Properties In Watertown & Newton, MA For $39.8M
165 Dexter Ave, Watertown, MA, USA
$39,800,000
$318/SF
Building Size
124,946 SF
Asset Type
Industrial
Closing
Sep 7, 2021
About this deal
AI
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.
The industrial loan at 165 Dexter Ave, Watertown, MA, USA in Watertown, Massachusetts financed for $39.8M in 2021. The building is 124,946 square feet, implying about 318 per square foot on the published price. This page is the Watertown, Massachusetts file for the 165 Dexter Ave, Watertown, MA, USA industrial financed: pricing, party profiles, and other closed industrial comps from the same Watertown sit in the Market section below. Filter that Watertown industrial set by closing date to see what else financed near 165 Dexter Ave, Watertown, MA, USA around 2021. Published consideration for 165 Dexter Ave, Watertown, MA, USA is $39.8M, dated 2021. Cite this PCCP LLC Refinances Industrial Properties In Watertown & Newton, MA For $39.8M loan when underwriting similar industrial product around Watertown, Massachusetts.
Players
Watertown 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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93