Updated Oct 29, 2024
MCG Canton Arboretum, LLC Acquires Multifamily Property In Canton, MA For $41M
1 Arboretum Way, Canton, Massachusetts 02021, United States
$41,000,000
Units
156
Asset Type
MultiFamily
Closing
Jan 10, 2023
About this deal
AI
The multifamily property located at 1 Arboretum Way in Canton, MA has recently undergone an acquisition deal. The property consists of 156 units and is owned by MCG Canton Arboretum, LLC. The transaction was facilitated by brokers Casimir Groblewski and Colin Monahan from Fantini & Gorga. The loan amount for this acquisition was $41,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $41,000,000
- Units: 156
- Address: 1 Arboretum Way, Canton, MA
- Market: Canton, MA
- Landlord: MCG Canton Arboretum, LLC
- Brokers: Casimir Groblewski & Colin Monahan - Fantini & Gorga
With the assistance of brokers Casimir Groblewski and Colin Monahan from Fantini & Gorga, MCG Canton Arboretum, LLC successfully acquired the multifamily property located at 1 Arboretum Way in Canton, MA. The transaction involved a loan amount of $41,000,000, allowing the landlord to take ownership of the 156-unit property.
On the Map
$41,000,000
MultiFamily
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Players
Canton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93