Updated Oct 28, 2024
MassHousing Provides $8.5M Loan For Industrial Property In Wareham, MA
3102 Cranberry Highway, Wareham, Massachusetts 02538, United States
$8,500,000
Building Size
—
Asset Type
Industrial
Closing
Jul 6, 2022
About this deal
AI
A loan in the amount of $8,500,000 was secured for an industrial property located at 3102 Cranberry Hwy in Wareham, MA. The transaction took place on July 7, 2022. masshousing''>MassHousing, represented by Chrystal Kornegay, provided the loan for the property.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,500,000
- Address: 3102 Cranberry Hwy, Wareham, MA
- Market: Wareham, MA
The loan was obtained by Dakota Partners, Inc. with Roberto Arista representing the company as the landlord. The loan arrangement was facilitated by Chrystal Kornegay from MassHousing.
Players
East Wareham 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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93