Updated Oct 29, 2024
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
Northborough Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
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