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
Rockland Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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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