facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Industrial

/

Loan

/

38 Upton Drive, Wilmington,...

Middlesex Savings Bank Provides $39.1M Construction Loan For Wilmington Industrial Property
FINANCEDIndustrial

Middlesex Savings Bank Provides $39.1M Construction Loan For Wilmington Industrial Property

38 Upton Drive, Wilmington, Massachusetts 01887, United States

$39,100,000

$182/SF

Building Size

214,440 SF

Asset Type

Industrial

Closing

Jun 14, 2022

AI

The industrial property located at 38 Upton Dr in Wilmington, MA has recently undergone a closed transaction. The property spans approximately 214,440 square feet and is situated on 27 acres of land. The transaction was facilitated by brokers Brett Paulsrud and Jonathan Schneider from JLL. The landlord of the property is Davis.

Summary of Transaction Details:

  • Property Type: Industrial
  • Transaction Amount: $39,100,000
  • Address: 38 Upton Dr, Wilmington, MA
  • Market: Wilmington, MA
  • Asset Type: Industrial
  • Square Footage: 214,440
  • Acres: 27

The loan for this transaction was provided by Middlesex Savings Bank, with Nick Giberson as the representative from the bank. The loan amount totaled $39,100,000 and was classified as a construction loan.

Players

Brett Paulsrud

JLL

Broker

$2.9B

vol

20 deals

Broker
Middlesex Savings Bank
Middlesex Savings BankLender

Wilmington 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

0.41%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93