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190 Fountain St, Waltham, M...

Azad Legacy Partners Acquires Industrial Property In Waltham, MA For $14.03M
SOLDIndustrial

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

Leigh Freudenheim

Freudenheim Partners

Broker

$39.1M

vol

6 deals

Broker
AL
Azad Legacy Partners, LLCBuyer
RC
Rincon CompaniesSeller

Waltham 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

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93