Updated Dec 4, 2024
Jake Cremmen & Brian Rooney Secure $2.685M Acquisition Loan For 110 Winn Street
110 Winn Street
$2,685,000
$98/SF
Building Size
27,300 SF
Asset Type
Office
Closing
Mar 14, 2024
About this deal
AI
The property located at 110 Winn Street in Woburn, MA, is an office asset with a total square footage of 27,300. The loan amount secured for the acquisition of this property is $2,685,000. Jake Cremmen and Brian Rooney from Finance Boston facilitated the financing for this transaction.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,685,000
- Address: 110 Winn Street
- Market: Woburn, MA
- Asset Type: Office
- Square Footage: 27,300
- Brokers: Jake Cremmen & Brian Rooney - Finance Boston
- Loan Type: Acquisition
Jake Cremmen and Brian Rooney from Finance Boston played a crucial role in finalizing the financing deal for the acquisition of the office property at 110 Winn Street. The partnership between the buyers and the lenders ensured the successful completion of the transaction.
On the Map
$2,685,000
$98/SF
Office
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Players
Woburn 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
5.91%
Cash-on-Cash
-1.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93