Updated Oct 29, 2024
Marcone Capital Inc Provides $18M Office Loan For Property At 220 Forbes Road In Braintree
220 Forbes Road, Braintree, MA, USA
$18,000,000
$112/SF
Building Size
159,615 SF
Asset Type
Office
Closing
Jul 2, 2020
About this deal
AI
An $18,000,000 loan was secured for an office property located at 220 Forbes Road in Braintree. The property has a total square footage of 159,615 and is owned by undisclosed parties.
Summary of transation details
- Property Type: Office
- Transaction Amount: $18,000,000
- Address: 220 Forbes Road, Braintree
- Market: Braintree
- Lender: Marcone Capital Inc - Mike Marcone
- Broker: Kambiz Shahbazi - KS Partners
Marcone Capital Inc, represented by Mike Marcone, provided the loan for the property. The transaction was facilitated by broker Kambiz Shahbazi from KS Partners.
On the Map
$18,000,000
$112/SF
Office
View full map
Players
Braintree Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Visit Kambiz Shahbazi to view all their deals.
Browse Massachusetts office loans on Traded.
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