Updated Dec 4, 2024
Nuveen Global Cities REIT, Inc. Acquires Industrial Property In Milford, MA For $52M
1 National St, Milford, MA 01757, USA
$52,000,000
$173/SF
Building Size
300,000 SF
Asset Type
Industrial
Closing
Nov 15, 2020
About this deal
AI
The industrial property located at 1 National Street in Milford, MA has been sold. The transaction was completed on November 16, 2020. The property spans a total area of 300,000 square feet. The sale price for the property was $52,000,000, resulting in a price per square foot of $173.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $52,000,000
- Address: 1 National Street, Milford, MA
- Market: Milford, MA
- Buyer: Nuveen Global Cities REIT, Inc. – Rich Kimble
- SF: 300,000
- PPSF: $173
The buyer involved in the transaction is Nuveen Global Cities REIT, Inc., represented by Rich Kimble.
Players
Milford Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Browse Massachusetts industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93