Capital Properties Secures $19 Million Refinance Loan For The S.S. Pierce Building In Brookline
1336 Beacon Street
$19,000,000
$261/SF
Building Size
72,790 SF
Asset Type
Mixed-use
Closing
Aug 14, 2024
AI
The S.S. Pierce Building is a mixed-use property located at 1336 Beacon Street in Brookline, MA. It encompasses 72,790 square feet and includes both office and retail spaces, accommodating various tenants such as Brookline Bank and firms specializing in financial services and behavioral health. The building was originally constructed in 1898.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $19,000,000
- Loan Type: Refinance
- Landlord: Capital Properties
- Brokers: Kevin Phelan, Patrick Boyle & Rose Liu - Colliers International
The refinancing secured by Capital Properties focuses on The S.S. Pierce Building, showcasing the significant role of brokers Kevin Phelan, Patrick Boyle, and Rose Liu, who facilitated this transaction through Colliers International.
Players
Brookline Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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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