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14 Birch Road, Middleton, M...

Birch Road 14 LLC Acquires Industrial Property In Middleton, MA For $2.15M
SOLDIndustrial

Birch Road 14 LLC Acquires Industrial Property In Middleton, MA For $2.15M

14 Birch Road, Middleton, Massachusetts 01949, United States

$2,150,000

$64/SF

Building Size

33,160 SF

Asset Type

Industrial

Closing

Oct 22, 2021

AI

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

Ken Oppenheim

Hunneman

Broker

$19.2M

vol

5 deals

Broker
BL
Birch Road 14 LLCBuyer

Middleton 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

7.38%

Cash-on-Cash

-2.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93