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Tucker Kelton, Rick Kleeman, Jeff Laliberte & Jonathan Paul Acquire Industrial Property In Wilmington, MA For $57M

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FINANCED
$57,000,000

Massachusetts

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Industrial
Financed 11/29/2023
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Property Image
FINANCED

Tucker Kelton, Rick Kleeman, Jeff Laliberte & Jonathan Paul Acquire Industrial Property In Wilmington, MA For $57M

800 Salem Street

See Similar Deals
Industrial
Financed 11/29/2023
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Summary

MASSACHUSETTS
Asset Type:Industrial
Transaction Type:Loan

An industrial property located at 800 Salem Street in Wilmington, MA has been involved in a recent closed transaction. The property, owned by Tucker Kelton of Camber Development and Rick Kleeman, Jeff Laliberte, and Jonathan Paul of Wheelock Street Capital, has attracted attention in the market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $57,000,000
  • Address: 800 Salem Street, Wilmington, MA
  • Market: Wilmington, MA

The deal was facilitated by brokers Steven Klein, Brett Paulsrud, and Ryan Parker from JLL. They played a crucial role in bringing together the parties involved in the transaction and ensuring its smooth execution.

This significant transaction highlights the demand for industrial properties in the Wilmington, MA market. The involvement of reputable landlords and experienced brokers further adds to the credibility of the deal.

Players

Brett Paulsrud
20 deals$2.9B volume(617) 848-1571
BROKER

Steven (Steve) Klein
JLL
51 deals$3.9B volume(212) 632-1838
BROKER

Ryan Parker
JLL
4 deals$124.3M volume(617) 848-5867
BROKER

Details

FINANCED
IMAGE: Ryan Parker, Jeff Laliberte, Brett Paulsrud, Jonathan Paul, Steven Klein, Tucker Kelton & Rick Kleeman DATE: 11/29/2023 ADDRESS: 800 Salem Street MARKET: Wilmington, MA ASSET TYPE: Industrial Landlord: Tucker Kelton - Camber Development; Rick Kleeman, Jeff Laliberte & Jonathan Paul- Wheelock Street Capital BROKERS: Steven Klein, Brett Paulsrud & Ryan Parker - JLL (@JLL) LOAN AMOUNT: $57,000,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$57,000,000.00

Monthly NOI$380,000.00
Monthly Debt Service$360,278.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00