Axcelis Corporate Center
An industrial property in Beverly, Massachusetts. Securitized in 1 CMBS deal in 2018.
$82.1MAppraised value (latest deal)
100.0%Occupancy
$5.2MUnderwritten NOI
6.3%Implied cap rate
- Address
- 108 Cherry Hill Drive, Beverly, MA 01915
- Property type
- Industrial · Flex
- Year built
- 1984
- Size
- 417,313 SF
- Sponsor
- Middleton Partners LLC
- Loan purpose
- Refinance
- Largest tenant
- Axcelis Technologies
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2018-H3 | 2018-07-12 | $82.1M | 100.0% | $5.2M | 6.3% | $16.9M | 61.6% | 1.33x | 424B |
More CMBS properties in Massachusetts →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.