Updated Nov 24, 2023
Marcone Capital Arranges $25 Million Financing For Dedham Executive Center
990 Washington St, Dedham, MA 02026, USA
$25,000,000
$138/SF
Building Size
180,789 SF
Asset Type
Office
Closing
May 12, 2023
About this deal
AI
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.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93