Eric Lahti Of Biotech Builders Group Acquires Industrial Property From Tim Nickerson For $1.35M
SOLD
$1,350,000
Massachusetts
See Similar DealsIndustrial9,162 SF
Sold 12/29/2025
SOLD
Eric Lahti Of Biotech Builders Group Acquires Industrial Property From Tim Nickerson For $1.35M
180 Stone Street
See Similar DealsIndustrial9,162 SF
Sold 12/29/2025
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$147
Total Square Footage:9,162 SF
Transaction Type:Sale
The asset involved in the transaction is an industrial property located at 180 Stone Street, Clinton, MA. The sale was completed for a price of $1,350,000, with a total square footage of 9,162, resulting in a price per square foot of $147.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,350,000
- Buyer: Eric Lahti - Biotech Builders Group
- Seller: Tim Nickerson - N&T Mechanical Contractors
- Broker: Nate Nickerson - Fieldstone Commercial Properties
The transaction was facilitated by broker Nate Nickerson, representing the requirements of the seller, Tim Nickerson, who operates N&T Mechanical Contractors. The buyer, Eric Lahti, is associated with Biotech Builders Group, known for their focus on the biotech sector.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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