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
- 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
Canton Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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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