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Middlesex Savings Bank Provides $12.08 Million Acquisition Loan For 77 Accord Park Drive In Norwell

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FINANCED
$12,082,780

Massachusetts

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Mixed-use100,000 SF
Financed 05/29/2025
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FINANCED

Middlesex Savings Bank Provides $12.08 Million Acquisition Loan For 77 Accord Park Drive In Norwell

77 Accord Park Drive

See Similar Deals
Mixed-use100,000 SF
Financed 05/29/2025
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Summary

MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$120
Total Square Footage:100,000 SF
Transaction Type:Loan

The property located at 77 Accord Park Drive in Norwell, MA, is a mixed-use asset comprising four office/warehouse buildings with a total area of 100,000 square feet, situated on a 12-acre lot. The property was acquired for $16 million, supported by a loan of $12,082,780 from Middlesex Savings Bank, categorized as an acquisition loan.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $16,000,000
  • Loan Amount: $12,082,780
  • Loan Type: Acquisition
  • Address: 77 Accord Park Drive
  • Market: Norwell, MA
  • Square Footage: 100,000
  • Acres: 12
  • Lender: Middlesex Savings Bank

The acquisition of 77 Accord Park Drive was facilitated through Middlesex Savings Bank, which provided the financing utilized in this transaction. This deal highlights the involvement of lenders in supporting property acquisitions within the commercial real estate market.

Players

LENDER

Details

FINANCED
IMAGE: 05/29/2025 ADDRESS: 77 Accord Park Drive MARKET: Norwell, MA ASSET TYPE: Mixed-use ~ SF: 100,000 ~ ACRES: 12 LENDER: Middlesex Savings Bank LOAN AMOUNT: $12,082,780 LOAN TYPE: Acquisition NOTE: 77 Accord Park Drive in Norwell was acquired for $16 million, with $12.08 million in financing from Middlesex Savings Bank. The 12-acre property includes four office/warehouse buildings totaling 100,000 square feet.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$12,082,780.00

Monthly NOI$80,551.87
Monthly Debt Service$76,371.39
Change in Cash Flow$0.00
Refinance Proceeds$0.00