Updated Oct 28, 2024
Berkshire Bank Provides $28M Loan For Office Acquisition In Medford, MA
10 Cabot Rd, Medford, Massachusetts 02155, United States
$28,000,000
Building Size
—
Asset Type
Office
Closing
Dec 27, 2021
About this deal
AI
The office property located at 10 Cabot Rd in Medford, MA has recently undergone an acquisition transaction. The deal was facilitated by John Broderick and Patrick Boyle from Colliers, who represented the buyer or tenant in the transaction. The property is owned by Brookwood Financial, a prominent landlord in the area. The market value of this asset is undisclosed.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $28,000,000
- Lender: Berkshire Bank
The loan for this acquisition was provided by Berkshire Bank. The details of the loan type have not been disclosed.
On the Map
$28,000,000
Office
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Medford Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93