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

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FINANCED
$19,000,000

Massachusetts

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Mixed-use72,790 SF
Financed 08/14/2024
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Property Image
FINANCED

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

1336 Beacon Street

See Similar Deals
Mixed-use72,790 SF
Financed 08/14/2024
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Summary

MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$261
Total Square Footage:72,790 SF
Transaction Type:Loan

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
7 deals$448.5M volume
BROKER

Patrick Boyle
Colliers
9 deals$231M volume
BROKER

Rose Liu
Colliers
2 deals$38M volume(631) 681-1691
BROKER

Details

FINANCED
IMAGE: Kevin Phelan, Patrick Boyle & Rose Liu DATE: 08/14/2024 ADDRESS: 1336 Beacon Street MARKET: Brookline, MA ASSET TYPE: Mixed-use ~ SF: 72,790 LANDLORD: Capital Properties BROKERS: Kevin Phelan, Patrick Boyle & Rose Liu - Colliers International LOAN AMOUNT: $19,000,000 LOAN TYPE: Refinance NOTE: Capital Properties secured a $19 million loan to refinance The S.S. Pierce Building, a 72,790-square-foot office and retail property in Brookline, Boston. The building, originally built in 1898, houses street-level retail and office spaces, including tenants like Brookline Bank and firms in financial services and behavioral health.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$19,000,000.00

Monthly NOI$126,666.67
Monthly Debt Service$120,092.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00