Updated Feb 28, 2025
LaSalle Investment Management Acquires Industrial Property In Bellingham, MA For $96.7M
160 Mechanic Street, Bellingham, Massachusetts 02019, United States
$96,700,000
$280/SF
Building Size
345,000 SF
Asset Type
Industrial
Closing
Apr 28, 2022
About this deal
AI
The industrial property located at 160 Mechanic St in Bellingham, MA has been sold. The sale was completed on 04/29/2022. The property, spanning 345,000 square feet, was sold for a total price of $96,700,000, resulting in a price per square foot of $280. The property is situated in a bustling market in Bellingham, MA.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $96,700,000
- Date: 04/29/2022
- Address: 160 Mechanic St
- Market: Bellingham, MA
The buyer of the property is LaSalle Investment Management, represented by Mark Gabbay. The seller is Barings. Mark Gabbay acted as the representative for LaSalle Investment Management in this transaction.
Bellingham 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93