facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Industrial

/

Loan

/

299 Ballardvale Street

Updated Jul 17, 2026

Camber Development And GEM Realty Capital Secure $40.8 Million Refinance For Wilmington Industrial Portfolio
FINANCEDIndustrial

Camber Development And GEM Realty Capital Secure $40.8 Million Refinance For Wilmington Industrial Portfolio

299 Ballardvale Street & 301 Ballardvale Street

$40,800,000

$203/SF

Building Size

200,750 SF

Asset Type

Industrial

Closing

Jul 17, 2026

About this deal

AI

An industrial asset located at 299 Ballardvale Street and 301 Ballardvale Street in Wilmington, MA, has a total square footage of 200,750. The property, owned by a joint venture of Camber Development and Gem Realty Capital, was refinanced for a total loan amount of $40,800,000.

Summary of transaction details:

The refinancing was arranged by Cushman & Wakefield, involving key individuals including Robert Borden, Heather Brown, Rehan Munsiff, and Nolan Alexander, who contributed to the successful transaction involving the manufacturing and R&D portfolio in Wilmington.

Players

Heather Brown

Cushman & Wakefield

Broker

$328.8M

vol

3 deals

Broker
M&T Bank
M&T BankLender

Michael Chen

Gem Realty Capital

Landlord

$48.3M

vol

2 deals

Landlord

Ballardvale Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Deal FAQ

About $203 per square foot on a published $40.8M for 200,750 square feet (2026).

Visit Robert (Rob) Borden to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.39%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets