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530 Turnpike Street, Canton...

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

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

530 Turnpike Street, Canton, MA, USA

$16,140,000

$115/SF

Building Size

139,612 SF

Asset Type

Industrial

Closing

Oct 7, 2021

AI

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

Colliers

Broker

$275.5M

vol

10 deals

Broker
Bar Harbor Bank & Trust
Bar Harbor Bank & TrustLender

Oliver Street

Bain Capital

Landlord

$365.6M

vol

10 deals

Landlord

Canton 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

0.98%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93