AEW Capital Management & Oliver Street Capital Acquire Industrial Property In Wilmington, MA From Crystal Motors For $14.8M
SOLD
$14,850,000
Massachusetts
See Similar DealsIndustrial120,000 SF
Sold 11/13/2020
SOLD
AEW Capital Management & Oliver Street Capital Acquire Industrial Property In Wilmington, MA From Crystal Motors For $14.8M
25 Industrial Way, Hanover, MA, USA
See Similar DealsIndustrial120,000 SF
Sold 11/13/2020
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$123
Total Square Footage:120,000 SF
Transaction Type:Sale
The industrial property located at 25 Industrial Way in Wilmington, MA has been sold in a closed transaction. The property spans 120,000 square feet and was sold for a price of $14,850,000, resulting in a price per square foot of $124. The sale took place on November 13, 2020.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $14,850,000
- Address: 25 Industrial Way, Wilmington, MA
- Market: Wilmington, MA
The seller of the property was Crystal Motors, while the buyer was AEW Capital Management & Oliver Street Capital, represented by Jon Hyde. The brokerage services for the transaction were provided by Christopher Decembrele of JLL.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$792,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$52,758.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$70,396.58
Annual Debt Service$844,758.91
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