Birch Road 14 LLC Acquires Industrial Property In Middleton, MA For $2.15M
SOLD
$2,150,000
Massachusetts
See Similar DealsIndustrial33,160 SF
Sold 10/22/2021
SOLD
Birch Road 14 LLC Acquires Industrial Property In Middleton, MA For $2.15M
14 Birch Road, Middleton, Massachusetts 01949, United States
See Similar DealsIndustrial33,160 SF
Sold 10/22/2021
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$64
Total Square Footage:33,160 SF
Transaction Type:Sale
The industrial property located at 14 Birch Road in Middleton, MA has been sold. The transaction took place on 10/22/2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,150,000
- Address: 14 Birch Road, Middleton, MA
- Market: Middleton, MA
The buyer, Birch Road 14 LLC, acquired the property from the seller, 14 Birch Road RT. The buyer was represented by Chris Everest from Nordlund Associates Inc, while Ken Oppenheim from Hunneman represented the seller.
The property spans 33,160 square feet, resulting in a price per square foot of $65. The asking price was $2,750,000, indicating a sale below the initial asking price.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$114,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,638.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,192.10
Annual Debt Service$122,305.16
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