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330-350 Bartlett St, Northb...

Link Logistics Acquires Industrial Property In Northborough, MA For $153.5M
SOLDIndustrial

Link Logistics Acquires Industrial Property In Northborough, MA For $153.5M

330-350 Bartlett St, Northborough, Massachusetts, USA

$153,500,000

$255/SF

Building Size

600,000 SF

Asset Type

Industrial

Closing

Oct 12, 2021

AI

An industrial property located at 330-350 Bartlett St in Northborough, MA has been sold for a total of $153,500,000. Spanning across 600,000 square feet, the property was purchased by Link Logistics from the seller TA Realty. The transaction took place on 10/12/2021, with brokers Frank Petz, Matthew Sherry, and John Nasca of Colliers International representing the parties involved. The property is situated in the Northborough market, making it an attractive acquisition for Link Logistics.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $153,500,000
  • Address: 330-350 Bartlett St, Northborough, MA
  • Square Footage: 600,000
  • Market: Northborough, MA

Frank Petz, Matthew Sherry, and John Nasca of Colliers International played a pivotal role as brokers in facilitating the sale. Their expertise and representation ensured a successful transaction for both the buyer and seller.

Players

John Nasca

Lee & Associates

Broker

$726M

vol

14 deals

Broker
JLL
JLLBrokerage
Link Logistics Real Estate
Link Logistics Real EstateBuyer
TA Realty
TA RealtySeller

Northborough Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93