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.
Players
Braintree 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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93