Updated Oct 29, 2024
IQHQ Inc Acquires Industrial Property In Brighton, MA For $18M
290 North Beacon Street
$18,000,000
$517/SF
Building Size
34,802 SF
Asset Type
Industrial
Closing
Dec 28, 2022
About this deal
AI
The industrial property at 290 North Beacon Street in Brighton, MA has been sold in a transaction involving IQHQ Inc as the buyer and Future Light as the seller. The property spans 34,802 square feet and was sold for a total price of $18,000,000, resulting in a price per square foot of $517. The sale took place on 12/28/2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $18,000,000
- Address: 290 North Beacon Street, Brighton, MA
- Market: Brighton, MA
The deal was facilitated by the brokers from 128 CRE, namely Adam Meixner, Jeremy Freid, Jordan Sneider, Meghan Huebner, Tyler Capecci (TCapech), and David Linehan. These brokers represented both the buyer, IQHQ Inc, and the seller, Future Light, in the transaction.
Players
Brighton 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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93