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30 Goya Drive, Webster, Mas...

Old Dominion Freight Line Acquires Industrial Property In Webster, MA For $18.35M
SOLDIndustrial

Old Dominion Freight Line Acquires Industrial Property In Webster, MA For $18.35M

30 Goya Drive, Webster, Massachusetts 01570, United States

$18,350,000

$444/SF

Building Size

41,300 SF

Asset Type

Industrial

Closing

Nov 22, 2021

AI

The former owner, A Duie Pyle Inc., sold the industrial property located at 30 Goya Drive in Webster, MA. The property is a 78 door cross dock and truck maintenance facility situated on 20 acres. The transaction involved Old Dominion Freight Line as the buyer. The sale was facilitated by James Glickman of NAI Glickman Kovago & Jacobs and Larry Casey of Cushman Wakefield, who represented the seller and procured the buyer. The sale price for the property was $18,350,000. The building size is 12,565 square feet with a price per square foot of $1,460. The total square footage is 41,300, with a price per square foot of $444.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $18,350,000
  • Address: 30 Goya Drive, Webster, MA
  • Market: Webster, MA
  • Buyer: Old Dominion Freight Line
  • Seller: A Duie Pyle, Inc.
  • Broker: James Glickman - NAI Glickman Kovago & Jacobs; Larry Casey - Cushman Wakefield
  • Building Size: 12,565 square feet
  • Price per Square Foot (BSF): $1,460
  • Total Square Footage: 41,300
  • Price per Square Foot (PSF): $444

Note: The former owner, A Duie Pyle Inc. company sold the 78 door cross dock and truck maintenance facility on 20 acres to Old Dominion Freight Line. James Glickman of NAI Glickman Kovago & Jacobs and Larry Casey of Cushman Wakefield represented the seller and procured the buyer.

Players

Laurence Casey

Cushman & Wakefield

Broker

$88.4M

vol

2 deals

Broker

Webster 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

0.86%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93