Updated Dec 4, 2024
EagleBridge Capital Arranges $9.2 Million Refinance For 33 Locke Drive In Marlborough MA
33 Locke Drive
$9,200,000
$150/SF
Building Size
61,177 SF
Asset Type
Mixed-use
Closing
Oct 11, 2024
About this deal
AI
A mortgage refinancing transaction was arranged for a mixed-use asset located at 33 Locke Drive in Marlborough, MA. This property encompasses a total of 61,177 square feet and consists of a multi-tenant office R&D building. The loan amount for this refinancing was $9,200,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $9,200,000
- Address: 33 Locke Drive
- Market: Marlborough, MA
- Asset Size: 61,177 sq. ft.
- Loan Type: Refinance
- Broker: Ted Sidel - EagleBridge Capital
Ted Sidel from EagleBridge Capital played a crucial role in facilitating the refinancing for the property at 33 Locke Drive, showcasing the efforts of the brokerage firm in handling financial transactions in the real estate market.
On the Map
$9,200,000
$150/SF
Mixed-use
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Players
Marlborough 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
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93