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Realty Income Purchases Industrial Property On Gold Star Boulevard In Worcester For $14.44M
SOLD
$14,436,736
Massachusetts
See Similar DealsIndustrial240,000 SF
Sold 10/16/2024
SOLD
Realty Income Purchases Industrial Property On Gold Star Boulevard In Worcester For $14.44M
160 Gold Star Boulevard
See Similar DealsIndustrial240,000 SF
Sold 10/16/2024
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$60
Total Square Footage:240,000 SF
Transaction Type:Sale
The asset involved in this transaction is a light manufacturing property located at 160 Gold Star Boulevard in Worcester, MA. The sale price was $14,436,736. This industrial property spans a total area of 240,000 square feet, translating to a price per square foot of $60.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $14,436,736
- Address: 160 Gold Star Boulevard
- Market: Worcester, MA
- Square Footage: 240,000
- Price Per Square Foot: $60
- Buyer: Realty Income
Realty Income was the buyer in this transaction, acquiring the property for a total consideration of $14,436,736. This transaction reflects their strategic investment in industrial real estate assets.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$769,959.23
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$51,290.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,437.49
Annual Debt Service$821,249.93
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