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
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