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1336 Beacon Street

Capital Properties Secures $19 Million Refinance Loan For The S.S. Pierce Building In Brookline
FINANCEDMixed-use

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:

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

Kevin Phelan

Colliers

Broker

$448.5M

vol

7 deals

Broker

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