Updated Oct 13, 2026
Griffith Properties Acquires Industrial Property On Concord Road In Billerica, MA For $85M
129 Concord Road, Billerica, MA, USA
$85,000,000
$1,465/SF
Building Size
58,000 SF
Asset Type
Industrial
Closing
Jul 16, 2020
About this deal
AI
An industrial property located at 129 Concord Road in Billerica, MA, has been sold in a recent transaction. The property is owned by Jumbo Capital Inc., with Nick Trocki and Jay Hirsh representing the seller. The buyer of the property is Griffith Properties. The sale was finalized on July 16, 2021, with a total sale price of $85,000,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $85,000,000
- Address: 129 Concord Road, Billerica, MA
- Seller: Jumbo Capital Inc. - Nick Trocki & Jay Hirsh
- Buyer: Griffith Properties
- Date: 07/16/2021
Nick Trocki and Jay Hirsh represented Jumbo Capital Inc. as their representatives in the deal. The successful transaction signifies the involvement of Griffith Properties as the new owner of the industrial property located in Billerica, MA.
On the Map
$85,000,000
$1,465/SF
Industrial
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Players
Billerica 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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93