Updated Oct 29, 2024
Marcus Partners Sells Boston Metro Logistics Portfolio In Greater Boston For $167M
176 Grove St Franklin, Ma 02038, Usa
$167,000,000
Building Size
—
Asset Type
Industrial
Closing
Jul 27, 2023
About this deal
AI
Marcus Partners has announced the sale of their Boston Metro Logistics Portfolio, comprising six warehouse and distribution buildings in Greater Boston, for a total price of $167 million. The portfolio includes properties located at 176, 206, and 210 Grove Street, 17 Gilmore Drive, 1 First Avenue, and 57 Littlefield Street. These industrial assets offer ample space for storage and distribution activities.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $167,000,000
- Address: 176, 206 & 210 Grove Street, 17 Gilmore Drive, 1 First Avenue & 57 Littlefield Street
- Market: Franklin, Sutton, Peabody & Avon, MA
- Seller: Marcus Partners - Ryan McDonough
- Brokers: Chris Skeffington, Roy Sandeman & Scott Dragos - CBRE
The sale was facilitated by the CBRE brokerage team represented by Chris Skeffington, Roy Sandeman, and Scott Dragos. Their expertise in the Boston Metro area played a significant role in securing the transaction. Marcus Partners' decision to sell the portfolio demonstrates their strategic move to unlock value from their assets.
On the Map
$167,000,000
Industrial
View full map
Players
Boston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Browse Boston industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93