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185 Commercial Street, Mald...

Northbridge Partners Acquires Industrial Properties In Malden & North Dartmouth, MA
SOLDIndustrial

Northbridge Partners Acquires Industrial Properties In Malden & North Dartmouth, MA

185 Commercial Street, Malden, MA, USA

$5,285,000

$108/SF

Building Size

48,590 SF

Asset Type

Industrial

Closing

Dec 16, 2020

AI

Two industrial properties located at 185 Commercial Street and 975 Reed Road in Malden and North Dartmouth, MA, were recently sold in a transaction facilitated by Langburd Realty Holdings and Northbridge Partners. The sale, brokered by Greg Cahill of Black Oak Property Advisors and Steve Nohrden of Burgess Properties, was completed on 12/17/2020 for a total price of $5,285,000.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $5,285,000
  • Address: 185 Commercial Street & 975 Reed Road
  • Market: Malden & North Dartmouth, MA

The seller, Langburd Realty Holdings, enlisted the representation of Greg Cahill from Black Oak Property Advisors in the negotiation process. On the buyer's side, Northbridge Partners sought the expertise of Steve Nohrden from Burgess Properties. The sale marks a successful transaction between the parties involved, further solidifying their presence in the industrial property market.

Note: Burgess Properties played a role in brokering this sale to Northbridge Partners, in coordination with Black Oak Property Advisors.

Players

Gregory Cahill

Broker

$5.3M

vol

1 deal

Broker
Northbridge Partners
Northbridge PartnersBrokerage

Malden 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

3.00%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93