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Berkeley Partners Acquires Marlborough Industrial Buildings For $30.2M
SOLD
$30,200,000
Massachusetts
See Similar DealsIndustrial
Sold 01/11/2024
SOLD
Berkeley Partners Acquires Marlborough Industrial Buildings For $30.2M
19 Brigham Street, 41 Brigham Street & 53 Brigham Street
See Similar DealsIndustrial
Sold 01/11/2024
Summary
MASSACHUSETTS
Asset Type:Industrial
Transaction Type:Sale
Berkeley Partners has acquired three industrial buildings located at 19, 41, and 53 Brigham Street in Marlborough, MA. The sale price for this transaction was $30,200,000. This purchase allows Berkeley Partners to take advantage of the thriving industrial market in the Boston suburbs.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $30,200,000
- Address: 19, 41 & 53 Brigham Street, Marlborough, MA
- Market: Marlborough, MA
The buyer in this transaction is Aaron Snegg - Berkeley Partners. Aaron Snegg, from Berkeley Partners, represented the buyer's interests throughout the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,610,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$107,294.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$143,163.41
Annual Debt Service$1,717,960.89
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