Updated Oct 29, 2024
Millennium Partners Acquires East Boston Industrial Property For $10.5M
290 William F McClellan Hwy, Boston, MA 02128, USA
$10,500,000
$411/SF
Building Size
25,500 SF
Asset Type
Industrial
Closing
Apr 6, 2020
About this deal
AI
The industrial property located at 290 William F McClellan Hwy in East Boston has been sold for a price of $10,500,000. The property spans across 25,500 square feet, resulting in a price per square foot of $412.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $10,500,000
- Address: 290 William F McClellan Hwy, East Boston
- Market: East Boston
The seller of the property is The Grossman Companies, Inc., represented by Louis J. Grossman, Jacob B. Grossman, and David B. Grossman. The buyer of the property is Millennium Partners, represented by Christopher Jeffries.
Players
Boston 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93