Updated Oct 29, 2024
MassDevelopment Provides $4M Loan For Industrial Property On Shirley St, Boston, MA
94 Shirley Street, Boston, Massachusetts 02119, United States
$4,000,000
$222,222/SF
Building Size
18 SF
Asset Type
Industrial
Closing
Jun 1, 2023
About this deal
AI
Fresh Foods, represented by Sheldon Lloyd of Fresh Foods - AGENCY, has secured a loan of $4,000,000 from MassDevelopment for the industrial property located at 94 Shirley St in Boston, MA. The property spans an area of 18,000 square feet.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $4,000,000
- Address: 94 Shirley St, Boston, MA
- Market: Boston, MA
- Landlord: Fresh Foods - Sheldon Lloyd
- Lender: MassDevelopment
Sheldon Lloyd, representing Fresh Foods, played a key role in securing the loan from MassDevelopment for the industrial property at 94 Shirley St, Boston, MA.
Players
Roxbury 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93