Azad Legacy Partners Acquires Industrial Property In Waltham, MA For $14.03M
190 Fountain St, Waltham, Massachusetts, USA
$14,025,000
$299/SF
Building Size
46,871 SF
Asset Type
Industrial
Closing
Aug 6, 2020
AI
The industrial property located at 190 Fountain St & 300 Second Ave in Waltham, MA has been sold. The transaction took place on August 6, 2021. The property has a total area of 46,871 square feet. The sale price for the property was $14,025,000, resulting in a price per square foot of $299.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $14,025,000
Rincon Companies was the seller of the property, while Azad Legacy Partners, LLC acted as the buyer. The seller was represented by Leigh Freudenheim and Tyler Ewing from Freudenheim Partners. Anthony Biette from Peak Real Estate Advisors served as the buyer's representative in the deal.
Players
Waltham Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93