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46 Stafford Street, Methuen...

Updated Sep 5, 2024

Meridian Capital Group Arranges $16M Refinance Loan For IndusPAD In Methuen, MA
FINANCEDIndustrial

Meridian Capital Group Arranges $16M Refinance Loan For IndusPAD In Methuen, MA

46 Stafford Street, Methuen, Massachusetts, USA

$16,000,000

$77/SF

Building Size

206,474 SF

Asset Type

Industrial

Closing

Oct 1, 2021

About this deal

AI

IndusPAD, an industrial property located at 46 Stafford Street in Methuen, MA, has recently undergone a refinancing transaction. The loan amount for this deal was $16,000,000.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $16,000,000
  • Address: 46 Stafford Street, Methuen, MA
  • Market: Methuen, MA

The brokers involved in this transaction were David Oheb and Max Jacobson from Meridian Capital Group. Meridian Capital Group is recognized as America's most active commercial real estate finance advisor, with a track record of closing $45 billion in financing in 2020 across various property types, including multifamily, office, retail, hotel, mixed-use, industrial, healthcare, senior housing, and construction.

For more information and to explore how Meridian can add value to your portfolio, you can contact David Oheb at 212-612-0193 or via email at [email protected].

Players

David Oheb
Verified Badge

David Oheb

Meridian Capital Group

Broker

$863.7M

vol

78 deals

Broker

Methuen Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Deal FAQ

About $77 per square foot on a published $16M for 206,474 square feet (2021).

Visit Max Jacobson to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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