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Forge Park/495, 1000 W Cent...

Tegra Medical Acquires Industrial Property In Franklin, MA For $16.4M
SOLDIndustrial

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

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.

Players

Michael Ciummei

JLL

Broker

$16.4M

vol

3 deals

Broker
CP
Condyne Capital PartnersSeller

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