FINANCED
Office Properties Income Trust Closes $77.4M Mortgage Loans For Office Properties
500 Charles Ewing Boulevard, 22330 Glen Drive & 145 Rio Robles Drive
Office
478,475 SF
478,475 SF
Financed 308 days ago
Summary
Loan
NEW JERSEY
Office
478,475 sqft
Office Properties Income Trust (OPI) has closed $77.4 million in mortgage loans for office properties in New Jersey, Virginia, and California. The properties involved in the transaction are located at 500 Charles Ewing Boulevard in Ewing, New Jersey, 22330 Glen Drive in Sterling, Virginia, and 145 Rio Robles Drive in San Jose, California. The total square footage of these office properties is 478,475.
Summary of transation details
- Property Type: Office
- Transaction Amount: $77,400,000
- Market: Ewing, New Jersey; Sterling, Virginia; San Jose, California
The mortgage loans were secured through a refinance process. The loan terms include fixed interest rates over five to 10-year interest-only payment terms, ranging from 7.3 percent to 8.2 percent. The loans were obtained by Office Properties Income Trust (OPI), with Adam Portnoy as the landlord's representative.
Details
FINANCED
IMAGE: Adam Portnoy
DATE: 07/06/2023
ADDRESS: 500 Charles Ewing Boulevard, 22330 Glen Drive & 145 Rio Robles Drive
MARKET: Ewing, New Jersey; Sterling, Virginia; San Jose, California
ASSET TYPE: Office ~ SF: 478,475
LANDLORD: Office Properties Income Trust - Adam Portnoy
LOAN AMOUNT: $77,400,000
LOAN TYPE: Refinance
LOAN TERMS: fixed interest rates over five to 10-year interest-only payment terms and range from 7.3 percent to 8.2 percent
NOTE: Office Properties Income Trust (OPI) has closed $77.4 million in mortgage loans for office properties in New Jersey, Virginia, and California. The loans are part of the ongoing merger with Diversified Healthcare Trust, offering fixed interest rates and interest-only payment terms.View on map
Loading...
Address500 Charles Ewing Boulevard, 22330 Glen Drive & 145 Rio Robles Drive
Comparables
Reset filters to show results.