Black Creek Group Acquires Industrial Property In Franklin & Danvers, MA For $37.25M
290 Beaver Street, Franklin, Massachusetts 02038, United States
$37,250,000
$181/SF
Building Size
205,324 SF
Asset Type
Industrial
Closing
Dec 9, 2021
AI
Black Creek Group has acquired an industrial property located at 290 Beaver St & 125 Water St in Franklin and Danvers, MA. The transaction was completed on 12/09/2021 for a sale price of $37,250,000. The property spans 205,324 square feet, resulting in a price per square foot of $181.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $37,250,000
- Date: 12/09/2021
- Address: 290 Beaver St & 125 Water St, Franklin & Danvers, MA
- Market: Franklin & Danvers, MA
- Buyer: Black Creek Group
- Seller: Arris Partners, LLC - John Garofalo
- Brokers: Scott Jamieson & Brandon Dickason - Avison Young
- Size: 205,324 square feet
- Price per Square Foot: $181
Scott Jamieson & Brandon Dickason from Avison Young represented the buyer, Black Creek Group, in this transaction.
Players
Franklin 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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93