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Bar Harbor Bank Provides $16.1M Loan For Industrial Property Acquisition In Canton, MA

Property Image
FINANCED
$16,140,000
Patrick Boyle

Massachusetts

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Industrial139,612 SF
Financed 10/07/2021
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Property Image
FINANCED

Bar Harbor Bank Provides $16.1M Loan For Industrial Property Acquisition In Canton, MA

530 Turnpike Street, Canton, MA, USA

See Similar Deals
Industrial139,612 SF
Financed 10/07/2021
Patrick Boyle
Contact now

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

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

Patrick Boyle
9 deals$231M volume
BROKER

John Broderick
Colliers
10 deals$161.9M volume
BROKER

Bar Harbor Bank & Trust
LENDER



10 deals$365.6M volume
LANDLORD

Details

FINANCED
IMAGE: John Broderick & Patrick Boyle DATE: 10/07/2021 ADDRESS: 530 Turnpike Street MARKET: Canton, MA ASSET TYPE: Industrial ~ SF: 139,612 LENDER: Bar Harbor Bank LANDLORD: Oliver Street Capital & Bain Capital Real Estate BROKERS: John Broderick & Patrick Boyle - Colliers LOAN AMOUNT: $16,140,000 LOAN TYPE: Acquisition

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Deal Type
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