Updated Feb 5, 2026
Vigilant Real Estate Holdings Purchases Recycling Facility Portfolio From Rhino For $22.65M In Avon
20 Ledin Drive & 40 Ledin Drive
$22,650,000
$92/SF
Building Size
123,000 SF
Asset Type
Industrial
Closing
Feb 4, 2026
About this deal
AI
The asset involved in the transaction is an industrial property located at 20-40 Ledin Drive in Avon, MA. The property spans approximately 123,000 square feet and was sold for a transaction amount of $22,650,000, equating to a price per square foot of $184.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $22,650,000
- Address: 20-40 Ledin Drive
- Market: Avon, MA
- Buyer: Vigilant Real Estate Holdings
- Seller: Rhino
- Square Footage: 123,000
- Price per Square Foot: $184
Rhino sold its two-building recycling facility portfolio to Vigilant Real Estate Holdings, marking a significant transaction between the two entities. This deal illustrates the ongoing activity within the industrial real estate market in the area.
On the Map
$22,650,000
$92/SF
Industrial
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Players
Avon 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
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93