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175 Crossing Boulevard, Fra...

Updated Oct 28, 2024

Nuveen Global Cities REIT Provides $62.3M Loan For Mixed-Use Property In Framingham, MA
FINANCEDMixed-use

Nuveen Global Cities REIT Provides $62.3M Loan For Mixed-Use Property In Framingham, MA

175 Crossing Boulevard, Framingham, Massachusetts 01702, United States

$62,300,000

$155/SF

Building Size

400,000 SF

Asset Type

Mixed-use

Closing

Dec 20, 2021

About this deal

AI

The mixed-use property located at 175 Crossing Boulevard in Framingham, MA has been involved in a recent transaction. The property spans approximately 400,000 square feet and is situated in the market of Framingham, MA. The deal encompasses various aspects, including a loan, lender, landlord, and loan amount.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $62,300,000
  • Date: 12/20/2021
  • Address: 175 Crossing Boulevard, Framingham, MA
  • Market: Framingham, MA
  • Asset Type: Mixed-use
  • Square Footage: 400,000

The loan for this transaction was provided by Nuveen Global Cities REIT, with Mike Sales representing the lender. The landlord involved in the deal is Outshine Properties & Jadian Capital.

Players

Jadian Capital
Jadian CapitalLandlord

Framingham Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Deal FAQ

About $155 per square foot on a published $62.3M for 400,000 square feet (2021).

Browse Massachusetts mixed use loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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