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
Northborough 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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93