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290 North Beacon Street

IQHQ Inc Acquires Industrial Property In Brighton, MA For $18M
SOLDIndustrial

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

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

Adam Meixner

128 CRE

Broker

$150M

vol

19 deals

Broker

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