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
Holliston 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
0.51%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93