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800 Salem Street

Tucker Kelton, Rick Kleeman, Jeff Laliberte & Jonathan Paul Acquire Industrial Property In Wilmington, MA For $57M
FINANCEDIndustrial

Tucker Kelton, Rick Kleeman, Jeff Laliberte & Jonathan Paul Acquire Industrial Property In Wilmington, MA For $57M

800 Salem Street

$57,000,000

Building Size

Asset Type

Industrial

Closing

Nov 29, 2023

AI

An industrial property located at 800 Salem Street in Wilmington, MA has been involved in a recent closed transaction. The property, owned by Tucker Kelton of Camber Development and Rick Kleeman, Jeff Laliberte, and Jonathan Paul of Wheelock Street Capital, has attracted attention in the market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $57,000,000
  • Address: 800 Salem Street, Wilmington, MA
  • Market: Wilmington, MA

The deal was facilitated by brokers Steven Klein, Brett Paulsrud, and Ryan Parker from JLL. They played a crucial role in bringing together the parties involved in the transaction and ensuring its smooth execution.

This significant transaction highlights the demand for industrial properties in the Wilmington, MA market. The involvement of reputable landlords and experienced brokers further adds to the credibility of the deal.

Players

Brett Paulsrud

JLL

Broker

$2.9B

vol

20 deals

Broker

Rockland Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.28%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93