Lincoln Property Company Acquires Industrial Property In Medway, MA For $21.7M
SOLD
$21,700,000
Massachusetts
See Similar DealsIndustrial120,000 SF
Sold 03/08/2022
SOLD
Lincoln Property Company Acquires Industrial Property In Medway, MA For $21.7M
10 Trotter Drive, Medway, Massachusetts 02053, United States
See Similar DealsIndustrial120,000 SF
Sold 03/08/2022
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$180
Total Square Footage:120,000 SF
Transaction Type:Sale
An industrial property located at 10 Trotter Dr in Medway, MA was recently sold for a total of $21,700,000. The property spans across 120,000 square feet, resulting in a price per square foot of $181. The transaction took place on 03/08/2022.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $21,700,000
- Address: 10 Trotter Dr, Medway, MA
- Square Footage: 120,000
- Price per Square Foot: $181
The buyer of the property is Lincoln Property Company, while the seller is Spencer Technologies, Inc. The deal was facilitated by brokers Coler Yoakam, Michael Restivo, Martha Nay, and Lenny Pierce from JLL.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,157,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$77,095.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$102,869.07
Annual Debt Service$1,234,428.85
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