IQHQ Inc Acquires Industrial Property In Brighton, MA For $18M
SOLD
$18,000,000
+ 3
Massachusetts
See Similar DealsIndustrial34,802 SF
Sold 12/28/2022
SOLD
IQHQ Inc Acquires Industrial Property In Brighton, MA For $18M
290 North Beacon Street
See Similar DealsIndustrial34,802 SF
Sold 12/28/2022
+ 3
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$517
Total Square Footage:34,802 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$960,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
Annual Debt Service$1,023,950.20
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