Updated Oct 11, 2024
Barry Kirschenbaum Purchases Franklin Property At 130 Constitution Boulevard For $6.4 Million With John Lashar As The Broker
130 Constitution BLVD, Franklin, MA...
$6,400,000
$106/SF
Building Size
59,970 SF
Asset Type
Industrial
Closing
Nov 20, 2023
About this deal
AI
An industrial building located at 130 Constitution Blvd in Franklin, MA, was sold in a transaction totaling $6,400,000. The asset encompasses 59,970 square feet of industrial space, situated in the Franklin market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,400,000.00
- Address: 130 Constitution Blvd, Franklin, MA
- Market: Franklin
- Seller: Novaya Real Estate Ventures
- Buyer: Barry Kirschenbaum, Albert Milstein, Sanford Bokor
- Seller's Rep: John Lashar - CBRE
Transwestern Consulting Group was involved in facilitating the transaction, represented by John Lashar, Chris Skeffington, and Roy Sandeman, who assisted in sourcing the buyer for the deal.
Players
Franklin 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93