We have recently identified a young, very red (J - Ks = 2.47 mag) late L-type companion at 8.06'' +/- 0.03'' (~102 AU) from a previously unrecognized M dwarf. We determined the parallactic distance of the system to be 12.7+/-1.0 pc. Non-detection of lithium and the kinematics of the primary allowed us to constrain the age of the system in the range of 150-300 Myr. By comparison with theoretical evolutionary models we derived a mass of 73+20 -15 M Jup for the primary, at around the substellar mass regime and 11.2+9.7 -1.8 M Jup for the secondary, near the deuterium burning mass limit.