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Seyon Group & Wheelock Street Capital Acquire Industrial Property In Randolph, MA For $18.2M

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SOLD
$18,200,000

Massachusetts

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Industrial170,827 SF
Sold 11/11/2020
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Property Image
SOLD

Seyon Group & Wheelock Street Capital Acquire Industrial Property In Randolph, MA For $18.2M

109-120 York Avenue, Randolph, MA, USA

See Similar Deals
Industrial170,827 SF
Sold 11/11/2020
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Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$106
Total Square Footage:170,827 SF
Transaction Type:Sale

Located in Randolph, MA, the property at 109-120, 116-120, & 128-140 York Avenue has been sold in a recent transaction. The industrial asset covers an area of 170,827 square feet, with a price per square foot of $107. The sale price for the property amounted to $18,200,000. This transaction involved the collaboration of Giglio Properties as the seller and Seyon Group & Wheelock Street Capital as the buyers. Caleb Hudak from Colliers International represented the parties involved in this deal.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $18,200,000
  • Square Footage: 170,827
  • Price per Square Foot: $107
  • Address: 109-120, 116-120, & 128-140 York Avenue, Randolph, MA
  • Market: Randolph, MA
  • Seller: Giglio Properties
  • Buyer: Seyon Group & Wheelock Street Capital
  • Broker: Caleb Hudak - Colliers International

The collaboration of Giglio Properties, Seyon Group, Wheelock Street Capital, and Caleb Hudak from Colliers International resulted in the successful completion of this industrial property transaction.

Players

Caleb Hudak
2 deals$22.5M volume(617) 429-3680
BROKER

Wheelock Street Capital
BUYER

Details

SOLD
IMAGE: Caleb Hudak DATE: 11/11/2020 ADDRESS: 109-120, 116-120, & 128-140 York Avenue MARKET: Randolph, MA ASSET TYPE: Industrial SELLER: Giglio Properties BUYER: Seyon Group & Wheelock Street Capital BROKERS: Caleb Hudak - Colliers International SALE PRICE: $18,200,000 SF: 170,827 ~ PPSF: $107

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$970,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$64,660.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$86,277.29
Annual Debt Service$1,035,327.42