KS Partners, LLC Secures $21.5M Loan For Lowell, MA Office Property
FINANCED
$21,500,000
Massachusetts
See Similar DealsOffice199,783 SF
Financed 12/10/2021
FINANCED
KS Partners, LLC Secures $21.5M Loan For Lowell, MA Office Property
59 Lowes Way, Lowell, Massachusetts 01851, United States
See Similar DealsOffice199,783 SF
Financed 12/10/2021
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$107
Total Square Footage:199,783 SF
Transaction Type:Loan
59 Lowes Way & 41 Wellman St, located in Lowell, MA, has been transacted in a recent deal. This office property spans across 199,783 square feet, making it a sizable asset in the market. The transaction took place on 12/10/2021.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $21,500,000
- Market: Lowell, MA
- Asset Type: Office
- Square Footage: 199,783
The property was leased by KS Partners, LLC. Representing the deal was Mike Marcone from Marcone Capital, Inc. Mike Marcone acted as the broker in this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$21,500,000.00
Monthly NOI$143,333.33
Monthly Debt Service$135,894.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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