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990 Washington St, Dedham, ...

Updated Nov 24, 2023

FINANCEDOffice

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

Mike Marcone

Broker

$44M

vol

3 deals

Broker

Boston Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Deal FAQ

About $138 per square foot on a published $25M for 180,789 square feet (2023).

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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

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