Updated Oct 28, 2024
Rockland Trust Provides $6M Loan For Industrial Property In West Wareham, MA
55 Charlotte Furnace Rd, West Wareham, MA, USA
$6,000,000
$240/SF
Building Size
25,000 SF
Asset Type
Industrial
Closing
Nov 12, 2021
About this deal
AI
55 Charlotte Furnace Rd in West Wareham, MA has been involved in a recent loan transaction. The industrial property, owned by Master Millwork and represented by Jesse Kirby, secured a loan from Rockland Trust, with John S. Davison as the lender's representative. The loan amount for this transaction is $6,000,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,000,000
- Date: 11/12/2021
- Market: West Wareham, MA
- Address: 55 Charlotte Furnace Rd
John S. Davison from Rockland Trust facilitated the loan for Master Millwork's industrial property located at 55 Charlotte Furnace Rd in West Wareham, MA. Jesse Kirby, representing Master Millwork, collaborated with Rockland Trust to secure the $6,000,000 loan amount.
Players
West Wareham 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93