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116 Lundquist Drive, Braint...

Oliver Street Capital Acquires Industrial Property In Braintree, MA For $6.5M
SOLDIndustrial

Oliver Street Capital Acquires Industrial Property In Braintree, MA For $6.5M

116 Lundquist Drive, Braintree, MA 02184

$6,500,000

$124/SF

Building Size

52,200 SF

Asset Type

Industrial

Closing

May 25, 2020

AI

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

Matthew Sherry

Colliers

Broker

$1.3B

vol

27 deals

Broker

Oliver Street

Buyer

$365.6M

vol

10 deals

Buyer
BridgeCity Capital
BridgeCity CapitalLender

Braintree 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

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93