Updated Oct 28, 2024
MassDevelopment Provides $6.48M Loan For Industrial Property At 28 Petronelli Way In Brockton, MA
28 Petronelli Way, Brockton, Massachusetts 02301, United States
$6,480,000
Building Size
—
Asset Type
Industrial
Closing
Jun 30, 2022
About this deal
AI
The industrial property located at 28 Petronelli Way in Brockton, MA has been involved in a recent transaction. The loan for this property was provided by massdevelopment''>MassDevelopment, with Mike Kennealy and Dan Rivera representing the lender. The loan amount for this transaction was $6,480,000. The landlord of the property is 28 Petronelli LLC.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,480,000
- Address: 28 Petronelli Way, Brockton, MA
- Market: Brockton, MA
In this deal, MassDevelopment, represented by Mike Kennealy and Dan Rivera, provided a loan of $6,480,000 for the industrial property located at 28 Petronelli Way. The landlord of the property is 28 Petronelli LLC.
Players
Brockton Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.45%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93