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301 Bartlett Street Northbo...

Updated Oct 29, 2024

LBA NCC-Company XXXIII Acquires 220,100 SF Industrial Property In Northborough, MA For $47.5M
SOLDIndustrial

LBA NCC-Company XXXIII Acquires 220,100 SF Industrial Property In Northborough, MA For $47.5M

301 Bartlett Street Northborough, Massachusetts 01532, USA

$47,500,000

$215/SF

Building Size

220,100 SF

Asset Type

Industrial

Closing

Jul 18, 2023

About this deal

AI

301 Bartlett Street, located in Northborough, MA, is an industrial property that was recently sold in a transaction. The property spans over 220,100 square feet and was sold for a total of $47.5 million. With a price per square foot of $216, the property showcases its value in the market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $47,500,000
  • Square Footage: 220,100
  • Price per Square Foot: $216
  • Address: 301 Bartlett Street, Northborough, MA
  • Market: Northborough, MA

In this deal, the seller of 301 Bartlett Street was an affiliate of TA Realty, known as 301 Bartlett Street, LLC. They sold the property to LBA NCC-Company XXXIII, LLC, making it the buyer in this transaction. The sale of the property for $47.5 million marks a significant milestone in this deal.

Players

TA Realty
TA RealtySeller

Northborough Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $215 per square foot on a published $47.5M for 220,100 square feet (2023).

Browse Massachusetts industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.33%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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