Capital Properties Secures $19 Million Refinance For S.S. Pierce Building In Brookline MA
1330 Beacon Street & 1354 Beacon Street
$19,000,000
$130/SF
Building Size
145,580 SF
Asset Type
Mixed-use
Closing
Aug 5, 2024
AI
The transaction involves the S.S. Pierce Building, a mixed-use and multifamily property located at 1330-1354 Beacon Street in Brookline, MA. The asset encompasses a total of 72,790 square feet. The loan amount for this refinancing transaction is $19,000,000.
Summary of transaction details:
- Property Type: Mixed-use & MultiFamily
- Transaction Amount: $19,000,000
- Loan Type: Refinance
- Address: 1330-1354 Beacon Street
- Market: Brookline, MA
- Landlord: Capital Properties
- Brokers: Kevin Phelan, Patrick Boyle & Rose Liu - Colliers International
Colliers International played a key role in arranging the refinancing, securing a new fixed-rate loan that replaces maturing debt from 2014. The refinancing was accomplished with a balance sheet lender.
Players
Brookline Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93