Oliver Street Capital & Bain Capital Real Estate Acquire Industrial Portfolio In Wilmington, MA For $55M

The industrial property located at 220, 230, 234, and 240 Ballardvale Street in Wilmington, MA has been sold in a recent transaction. The sale took place on December 10, 2020, and the property was purchased by Oliver Street Capital and Bain Capital Real Estate for a total price of $55,000,000. The property spans a total of 255,678 square feet, resulting in a price per square foot of $215. The seller of the property was Carlisle Capital.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $55,000,000
• Address: 220, 230, 234 & 240 Ballardvale Street, Wilmington, MA
• Market: Wilmington, MA
• Seller: Carlisle Capital
• Buyer: Oliver Street Capital & Bain Capital Real Estate

CBRE represented both the buyer and the seller in this transaction. The team of brokers involved in the deal included Scott Dragos, Chris Skeffington, Doug Jacoby, Tim Mulhall, Tony Hayes, Roy Sandeman, and Daniel Hines. The property was 88% occupied at the time of the sale, with tenants such as Bimbo Bakeries, Aramark, and Tesla.