Updated Oct 29, 2024
Tegra Medical Acquires Industrial Property In Franklin, MA For $16.4M
Forge Park/495, 1000 W Central St, Franklin, MA 02038, USA
$16,400,000
$136/SF
Building Size
120,000 SF
Asset Type
Industrial
Closing
Aug 4, 2020
About this deal
AI
An industrial property located at 16 Forge Park in Franklin, MA has been sold in a closed transaction. The property spans 120,000 square feet, and the sale price was $16,400,000, resulting in a price per square foot of $137.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $16,400,000
The seller of the property was Condyne Capital Partners, LLC, represented by Jeff O’Neil from Westpoint Capital Partners LLC. The buyer of the property was Tegra Medical. The brokers involved in this transaction were Sean Lynch, Joseph Fabiano, and Michael Ciummei from JLL.
On the Map
$16,400,000
$136/SF
Industrial
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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
0.97%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93