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Marcone Capital Arranges $25 Million Financing For Dedham Executive Center

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FINANCED
$25,000,000

Massachusetts

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Office180,789 SF
Financed 05/12/2023
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Property Image
FINANCED

Marcone Capital Arranges $25 Million Financing For Dedham Executive Center

990 Washington St, Dedham, MA 02026, USA

See Similar Deals
Office180,789 SF
Financed 05/12/2023
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Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$138
Total Square Footage:180,789 SF
Transaction Type:Loan

The Dedham Executive Center, a 180,789 sq/ft office building located at 990 Washington St, Dedham, MA 02026, has secured $25 million in financing. Mike Marcone of Marcone Capital arranged the loan for this property, which sits on a 2.76-acre campus and offers various amenities such as a full-service cafeteria, fitness center, and a game room. With 38 tenants including both national and local companies, the Dedham Executive Center enjoys a prime location near Route 128 and other amenities, such as the Legacy Place lifestyle center.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $25 million
  • Loan Broker: Mike Marcone - Marcone Capital

This financing deal, orchestrated by Mike Marcone, enables the Dedham Executive Center to continue providing a highly functional workspace to its 38 tenants. The property's convenient location near Route 128 and amenities like Legacy Place make it an attractive option for companies seeking office space in Dedham, MA.

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3 deals$44M volume
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Details

FINANCED
IMAGE: 2023-05-12 ADDRESS: 990 Washington St, Dedham, MA 02026, USA MARKET: ASSET TYPE: Office LENDER: LANDLORD: BROKERS: LOAN AMOUNT: 25000000 LOAN TYPE: LOAN TERMS: NOTE: Mike Marcone of Marcone Capital arranged $25 million in financing for the Dedham Executive Center, a 180,789 sq/ft office building in Dedham, MA, that sits on a 2.76-acre campus and includes amenities such as a full-service cafeteria, fitness center, and a game room. The property, leased to 38 tenants including national and local companies, is located near Route 128 and close to other amenities, such as the Legacy Place lifestyle center.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$25,000,000.00

Monthly NOI$166,666.67
Monthly Debt Service$158,017.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00