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

Property Image
SOLD
$5,285,000

Massachusetts

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Industrial48,590 SF
Sold 12/17/2020
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Property Image
SOLD

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

185 Commercial Street, Malden, MA, USA

See Similar Deals
Industrial48,590 SF
Sold 12/17/2020
Contact now

Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$108
Total Square Footage:48,590 SF
Transaction Type:Sale

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

1 deal$5.3M volume
BROKER

Stephen ( Steve) Nohrden
11 deals$81.5M volume
BROKER

Northbridge Partners
BROKERAGE

Details

SOLD
IMAGE: Steve Nohrden DATE: 12/17/2020 ADDRESS: 185 Commercial Street & 975 Reed Road MARKET: Malden & North Dartmouth, MA ASSET TYPE: Industrial SELLER: Langburd Realty Holdings BUYER: Northbridge Partners SELLER'S REP: Greg Cahill - Black Oak Property Advisors BUYER'S REP: Steve Nohrden - @BurgessProperties SALE PRICE: $5,285,000 NOTE: Burgess Properties Brokers Two Property Sale to Northbridge with Black Oak.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

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Cash Flow (Annual)-$18,776.48
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