Atlantic Management Secures $26M Loan For Industrial Property In Westborough, MA
FINANCED
$26,000,000
+ 3
Massachusetts
See Similar DealsIndustrial100,000 SF
Financed 08/11/2022
FINANCED
Atlantic Management Secures $26M Loan For Industrial Property In Westborough, MA
54 Otis Street, Westborough, Massachusetts 01581, United States
See Similar DealsIndustrial100,000 SF
Financed 08/11/2022
+ 3
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$260
Total Square Footage:100,000 SF
Transaction Type:Loan
Located at 54 Otis Street in Westborough, MA, this industrial property spans approximately 100,000 square feet. The transaction took place on 08/11/2022, involving a loan amount of $26,000,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $26,000,000
- Address: 54 Otis Street, Westborough, MA
- Market: Westborough, MA
- Landlord: Atlantic Management
The brokers involved in the deal were Robert Griffin, David Douvadjian Sr, Timothy O'Donnell, Brian Butler, David Douvadjian Jr, and Conor Reenstierna from Newmark.
These individuals played a key role in facilitating the transaction, representing the parties involved in the deal.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$26,000,000.00
Monthly NOI$173,333.33
Monthly Debt Service$164,337.69
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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