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28 Millbury Street

Rabina Properties Leases 41,723 Square Feet To Wilson Language Training In Auburn, MA
LEASEDIndustrial

Rabina Properties Leases 41,723 Square Feet To Wilson Language Training In Auburn, MA

28 Millbury Street

Building Size

41,723 SF

Asset Type

Industrial

Closing

Jul 11, 2025

AI

The asset involved in this transaction is an industrial property located at 28 Millbury Street in Auburn, MA. This facility encompasses a total of 41,723 square feet and is part of a larger industrial building measuring 453,424 square feet, which has now reached full occupancy following this lease agreement.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 28 Millbury Street
  • Market: Auburn, MA
  • Landlord: Josh Rabina - Rabina Properties
  • Tenant: Wilson Language Training
  • Brokers: Jim Umphrey & Tom Bodden - Kelleher & Sadowsky

Kelleher & Sadowsky facilitated the lease arrangement, ensuring that the space was allocated to Wilson Language Training, thereby achieving full occupancy for the landlord’s property. The key individuals in this transaction include landlords, tenants, and representatives from Kelleher & Sadowsky who played a crucial role in this lease agreement.

Players

Jim Umphrey

Kelleher & Sadowsky

Broker

$55.8M

vol

5 deals

Broker
Kelleher & Sadowsky
Kelleher & SadowskyBrokerage

Auburn Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93