Updated Oct 29, 2024
BentallGreenOak Acquires Industrial Property In Wilmington, MA For $40M
200 Research Drive, Wilmington, Massachusetts, USA
$40,000,000
$263/SF
Building Size
151,800 SF
Asset Type
Industrial
Closing
Mar 25, 2021
About this deal
AI
Industrial property located at 200 Research Drive in Wilmington, MA was recently sold for a price of $40,000,000. The property spans across 151,800 square feet, resulting in a price per square foot of $264. The sale took place on March 26, 2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $40,000,000
- Address: 200 Research Drive, Wilmington, MA
- Market: Wilmington, MA
- Seller: Novaya Real Estate Ventures - Karl H. Trieschman
- Buyer: BentallGreenOak - Sonny Kalsi
- Broker: CBRE
The seller of the property was Novaya Real Estate Ventures represented by Karl H. Trieschman. On the other hand, BentallGreenOak, represented by Sonny Kalsi, acted as the buyer in this transaction. CBRE served as the broker for this deal.
Wilmington 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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93