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Benjamin Adner Acquires Industrial Condo From Brian Noel In Middleton For $3.85M

Property Image
SOLD
$3,850,000
Luigi Lessa
Mattias Edenkrans

Massachusetts

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Industrial19,778 SF
Sold 02/26/2026
the dealplayerscompscontact
Property Image
SOLD

Benjamin Adner Acquires Industrial Condo From Brian Noel In Middleton For $3.85M

3 Ajootian Way

See Similar Deals
Industrial19,778 SF
Sold 02/26/2026
Luigi Lessa
Mattias Edenkrans
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$194
Total Square Footage:19,778 SF
Transaction Type:Sale

The property involved in this transaction is an industrial condo located at 3 Ajootian Way Unit A1 in Middleton, MA. The industrial condo has a total size of 19,778 square feet and was sold for a transaction amount of $3,850,000, equating to a price per square foot of $194.

Summary of transaction details:

  • Property Type: Industrial Condo
  • Transaction Amount: $3,850,000
  • Address: 3 Ajootian Way Unit A1
  • Market: Middleton, MA
  • Square Footage: 19,778
  • Price Per Square Foot: $194
  • Buyer: Benjamin Adner
  • Seller: Brian Noel
  • Brokers: Mattias Edenkrans & Luigi Lessa - Marcus & Millichap

The key individuals involved in this deal include buyer Benjamin Adner and seller Brian Noel. The transaction was facilitated by brokers Mattias Edenkrans and Luigi Lessa from Marcus & Millichap, serving as the representatives in this property sale.

Players

Luigi Lessa
Marcus & Millichap
Luigi Lessa
23 deals$82M volume(617) 896-7216
BROKER
Mattias Edenkrans
Marcus & Millichap
Mattias Edenkrans
14 deals$56.1M volume(617) 896-7218
BROKER

Details

SOLD
IMAGE: Mattias Edenkrans & Luigi Lessa DATE: 2/26/2026 ADDRESS: 3 Ajootian Way Unit A1 MARKET: Middleton, MA ASSET TYPE: Industrial Condo BUYER: Benjamin Adner SELLER: Brian Noel BROKERS: Mattias Edenkrans & Luigi Lessa (@Luigi.Lessa) - Marcus & Millichap (@MarcusMillichap_NewEngland) SALE PRICE: $3,850,000 SF: 19,778 ~ PPSF: $194

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$205,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,678.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,250.96
Annual Debt Service$219,011.57