Updated Oct 29, 2024
Santander Bank Provides $32.6M Construction Financing For Industrial Property In Merrimack, NH
50 Robert Milligan Parkway
$32,600,000
$100/SF
Building Size
323,750 SF
Asset Type
Industrial
Closing
Dec 19, 2022
About this deal
AI
Located at 50 Robert Milligan Parkway in Merrimack, NH, this industrial property spans a total of 323,750 square feet. The asset type is industrial, making it ideal for various industrial activities. The transaction took place on 12/19/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $32,600,000
- Lender: Santander Bank
- Landlord: Trammell Crow Co (TCC) - Elisha Long & Diamond Realty Investments
- Broker: CBRE
The loan amount secured for this transaction was $32,600,000, with Santander Bank providing construction financing. Trammell Crow Co (TCC) represented the landlord, while Elisha Long and Diamond Realty Investments were also involved in the deal. CBRE acted as the broker throughout the transaction. Further information regarding the property, individuals, or companies involved was not provided.
Players
Merrimack Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93