Brian Kingston Of Brookfield Real Estate Income Trust Acquires Amazon Distribution Center In Everett For $155M
34 Market Street
$155,000,000
Building Size
—
Asset Type
Industrial
Closing
Apr 1, 2026
AI
The transaction involved a newly built Amazon distribution center located at 34 Market Street, Everett, MA, classified as an industrial asset. The facility was sold for $155,000,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $155,000,000
- Buyer: Brian Kingston - Brookfield Real Estate Income Trust
- Seller: Stephen Davis - The Davis Companies
Brian Kingston represented Brookfield Real Estate Income Trust in this transaction, while Stephen Davis represented The Davis Companies. This sale marks a significant addition to Brookfield’s portfolio, enhancing their operational capacity in the region.
Players
Everett 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