Updated Oct 29, 2024
Marcone Capital, Inc. Provides $18M Loan For Office Property Acquisition On Forbes Road
222 Forbes Street, Boston, MA, USA
$18,000,000
$112/SF
Building Size
159,615 SF
Asset Type
Office
Closing
Jun 23, 2020
About this deal
AI
Located at 161 & 220-222 Forbes Road, this office property was involved in a closed transaction. The transaction took place on 06/24/2020, and the property spans across 159,615 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $18,000,000
- Address: 161 & 220-222 Forbes Road
Marcone Capital, Inc., represented by Mike Marcone, provided a loan of $18,000,000 for this transaction. KS Partners acted as the broker in this deal.
The office loan at 222 Forbes Street, Boston, MA, USA in Boston, Massachusetts financed for $18M in 2020. The building is 159,615 square feet, implying about 112 per square foot on the published price. This page is the Boston, Massachusetts file for the 222 Forbes Street, Boston, MA, USA office financed: pricing, party profiles, and other closed office comps from the same Boston sit in the Market section below. Filter that Boston office set by closing date to see what else financed near 222 Forbes Street, Boston, MA, USA around 2020. Published consideration for 222 Forbes Street, Boston, MA, USA is $18M, dated 2020. Cite this Marcone Capital, Inc. Provides $18M Loan For Office Property Acquisition On Forbes Road loan when underwriting similar office product around Boston, Massachusetts.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93