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10 Trotter Drive, Medway, M...

Lincoln Property Company Acquires Industrial Property In Medway, MA For $21.7M
SOLDIndustrial

Lincoln Property Company Acquires Industrial Property In Medway, MA For $21.7M

10 Trotter Drive, Medway, Massachusetts 02053, United States

$21,700,000

$180/SF

Building Size

120,000 SF

Asset Type

Industrial

Closing

Mar 7, 2022

AI

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

Michael Restivo

JLL

Broker

$523.4M

vol

29 deals

Broker
Lincoln Property Company
Lincoln Property CompanyBrokerage
Lincoln Property Company
Lincoln Property CompanyBuyer

Medway Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.73%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93