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220 Hopping Brook Road, Hol...

Lincoln Property Company & Stockbridge Acquires Industrial Property In Holliston, MA For $31.4M
SOLDIndustrial

Lincoln Property Company & Stockbridge Acquires Industrial Property In Holliston, MA For $31.4M

220 Hopping Brook Road, Holliston, Massachusetts 01746, United States

$31,400,000

$369/SF

Building Size

85,000 SF

Asset Type

Industrial

Closing

May 24, 2022

AI

The industrial property located at 220 Hopping Brook Rd in Holliston, MA has been sold in a transaction. The property spans 85,000 square feet and was sold for a price of $31,400,000, resulting in a price per square foot of $369. The buyer of the property is Lincoln Property Company and Stockbridge, while the seller is Web Industries.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $31,400,000
  • Address: 220 Hopping Brook Rd, Holliston, MA
  • Market: Holliston, MA

In this deal, the buyer was represented by Michael Restivo, Martha Nay, Lenny Pierce, and Neil Ross from JLL.

Players

Lenny Pierce

JLL

Broker

$141.1M

vol

11 deals

Broker
Lincoln Property Company
Lincoln Property CompanyBrokerage
Lincoln Property Company
Lincoln Property CompanyBuyer

Holliston 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

0.51%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93