Oliver Street Capital Acquires Industrial Property In Braintree, MA For $6.5M
SOLD
$6,500,000
+ 1
Massachusetts
See Similar DealsIndustrial52,200 SF
Sold 05/25/2020
SOLD
Oliver Street Capital Acquires Industrial Property In Braintree, MA For $6.5M
116 Lundquist Drive, Braintree, MA 02184
See Similar DealsIndustrial52,200 SF
Sold 05/25/2020
+ 1
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$124
Total Square Footage:52,200 SF
Transaction Type:Sale
The industrial property located at 116 Lundquist Dr. in Braintree, MA has been sold for a price of $6,500,000. It encompasses a total of 52,200 square feet, resulting in a price per square foot of $125. The transaction took place on May 25, 2021.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $6,500,000
- Address: 116 Lundquist Dr., Braintree, MA
- Market: Braintree, MA
- Square Footage: 52,200
The buyer involved in this transaction is Oliver Street Capital. JLL represented both the buyer and the seller in this deal. The brokers involved in the transaction were Christopher Lawrence, Matthew Sherry, and Michael Restivo from JLL.
Players
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79
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