Updated Oct 19, 2026
Westbrook Partners Acquires Industrial Property In Chelsea, MA For $53M
100 Justin Drive, Chelsea, MA, USA
$53,000,000
$402/SF
Building Size
131,549 SF
Asset Type
Industrial
Closing
Dec 13, 2020
About this deal
AI
The industrial property located at 100 Justin Drive in Chelsea, MA has been sold in a recent transaction. The property spans 131,549 square feet and was sold for a price of $53,000,000, resulting in a price per square foot of $402. The sale took place on December 14, 2020.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $53,000,000
The seller of the property was Tony Rodriguez and James Dowd, representing Signature Breads. They successfully closed the deal with buyers Diego Rico and Kashif Sheikh, who were represented by Westbrook Partners.
On the Map
$53,000,000
$402/SF
Industrial
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Players
Chelsea 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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93