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
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