Updated Oct 28, 2024
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
Framingham 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93