Bar Harbor Bank Provides $16.1M Loan For Industrial Property Acquisition In Canton, MA
FINANCED
$16,140,000
Massachusetts
See Similar DealsIndustrial139,612 SF
Financed 10/07/2021
FINANCED
Bar Harbor Bank Provides $16.1M Loan For Industrial Property Acquisition In Canton, MA
530 Turnpike Street, Canton, MA, USA
See Similar DealsIndustrial139,612 SF
Financed 10/07/2021
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$115
Total Square Footage:139,612 SF
Transaction Type:Loan
An industrial property located at 530 Turnpike Street in Canton, MA has recently been involved in a closed transaction. The property encompasses a total area of 139,612 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $16,140,000
- Market: Canton, MA
- Lender: Bar Harbor Bank
- Landlord: Oliver Street Capital & Bain Capital Real Estate
- Brokers: John Broderick & Patrick Boyle - Colliers
The loan for the acquisition of this industrial property was provided by Bar Harbor Bank. The property is owned by Oliver Street Capital and Bain Capital Real Estate. Handling the transaction on behalf of the buyer were John Broderick and Patrick Boyle from Colliers. The loan amount for this transaction was $16,140,000.
Players
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$16,140,000.00
Monthly NOI$107,600.00
Monthly Debt Service$102,015.78
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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