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Link Logistics Real Estate Acquires Industrial Properties In Franklin, Andover, Wilmington, Tewksbury, Hopkinton, And Auburn For $175M

Property Image
SOLD
$175,000,000
Scott Dragos
Roy Sandeman
+ 4

Massachusetts

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Industrial803,000 SF
Sold 10/27/2021
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SOLD

Link Logistics Real Estate Acquires Industrial Properties In Franklin, Andover, Wilmington, Tewksbury, Hopkinton, And Auburn For $175M

12 Forge Parkway, Franklin, MA, USA

See Similar Deals
Industrial803,000 SF
Sold 10/27/2021
Scott Dragos
Roy Sandeman
+ 4
Contact now

Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$217
Total Square Footage:803,000 SF
Transaction Type:Sale

Link Logistics Real Estate has acquired a portfolio of industrial properties located in Franklin, Andover, Wilmington, Tewksbury, Hopkinton, and Auburn. The properties include 12 Forge Parkway, 150 Dascomb Road, 25 Industrial Way, 65 Sunnyslope Ave, 82 S. St, and 19 Technology Drive, totaling approximately 803,000 square feet. This acquisition was facilitated by CBRE brokers Scott Dragos, Doug Jacoby, Chris Skeffington, Anthony Hayes, Roy Sandeman, Tim Mulhall, and Dan Hines.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $175,000,000

The industrial properties were sold by AEW Capital Management to Link Logistics Real Estate. The transaction was completed on October 27, 2021. The sale price per square foot was approximately $218.

Link Logistics Real Estate's acquisition of these properties expands its industrial portfolio in the Franklin, Andover, Wilmington, Tewksbury, Hopkinton, and Auburn markets.

Players

Chris Skeffington
19 deals$1.2B volume
BROKER

Scott Dragos
CBRE
20 deals$1.2B volume
BROKER

Doug Jacoby
CBRE
21 deals$1B volume
BROKER

Roy Sandeman
CBRE
17 deals$1.1B volume
BROKER

Timothy (Tim) Mulhall
CBRE
17 deals$917.9M volume
BROKER

Daniel "Dan" Hines
CBRE
16 deals$908.9M volume
BROKER

Anthony (Tony) Hayes
CBRE
14 deals$853.9M volume
BROKER

Link Logistics Real Estate
BROKERAGE



Details

SOLD
IMAGE: Scott Dragos, Chris Skeffington, Doug Jacoby, Anthony Hayes, Tim Mulhall, Roy Sandeman & Dan Hines DATE: 10/27/2021 ADDRESS: 12 Forge Parkway, 150 Dascomb Road, 25 Industrial Way, 65 Sunnyslope Ave, 82 S. St, & 19 Technology Drive MARKET: Franklin, Andover, Wilmington, Tewksbury, Hopkinton, & Auburn ASSET TYPE: Industrial BUYER: Link Logistics Real Estate SELLER: AEW Capital Management BROKERS: Scott Dragos, Doug Jacoby, Chris Skeffington, Anthony Hayes, Roy Sandeman, Tim Mulhall, & Dan Hines - CBRE SALE PRICE: $175,000,000 SF: 803,000 ~ PPSF: $218

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

$9,333,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$621,738.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$829,589.28
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