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
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