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299 Ballardvale Street

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

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…

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