Vigilant Real Estate Holdings Secures $15.1M Loan From M&T Bank For Avon Industrial Portfolio
20 Ledin Drive & 40 Ledin Drive
$15,100,000
Building Size
—
Asset Type
Industrial
Closing
Feb 9, 2026
AI
A two-building industrial portfolio consisting of 129,380 square feet is located at 20 Ledin Drive and 40 Ledin Drive in Avon, MA. The property was acquired for $22.65 million, with an acquisition financing provided by M&T Bank amounting to $15.1 million.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $22,650,000
- Loan Amount: $15,100,000
- Lender: M&T Bank
- Landlord: David Fowler - Vigilant Real Estate Holdings
- Broker(s): Amy Lousararian & Anthony Nakhle - JLL
The financing for this acquisition was secured by Vigilant Real Estate Holdings, represented by David Fowler. Amy Lousararian and Anthony Nakhle from JLL acted as brokers in this transaction.
Players
Avon Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.05%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93