Cambridge Savings Bank Provides $38.7M Loan For Industrial Property In Boylston, MA
Pine Hill Dr, Boylston, Massachusetts 01505, United States
$38,700,000
$97/SF
Building Size
396,375 SF
Asset Type
Industrial
Closing
Feb 17, 2022
AI
The industrial property located on Pine Hill Dr in Boylston, MA has been involved in a closed transaction. The property spans approximately 396,375 square feet and is owned by NorthBridge Partners.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $38,700,000
- Market: Boylston, MA
The lender for this transaction was Cambridge Savings Bank, providing senior construction financing. Acting as brokers in the deal were Jeff Black, Sean Burke, and Bryan Koop from Colliers.
Players
Boylston 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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93