EagleBridge Capital Secures $30M Loan For Ballardvale Technology Center
181 Ballardvale Street & 187 Ballardvale Street
$30,000,000
$71/SF
Building Size
422,800 SF
Asset Type
Mixed-use
Closing
Oct 13, 2023
AI
The Ballardvale Technology Center, a versatile flex/R&D/office complex located at 181 and 187 Ballardvale St in Wilmington, MA, has secured $30 million in mortgage refinancing. The property spans approximately 211,400 square feet and features a mixed-use layout.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $30,000,000
- Address: 181 & 187 Ballardvale Street, Wilmington, MA
- Market: Wilmington, MA
- Asset Type: Mixed-use
- Size: 211,400 square feet
EagleBridge Capital, represented by Ted Sidel, successfully facilitated the $30 million mortgage refinancing for the Ballardvale Technology Center. The transaction represents a significant accomplishment for the involved parties.
Players
Wilmington 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93