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353 Middlesex Avenue, Wilmi...

Oliver Street Capital Acquires Industrial Property In Wilmington, MA For $4.8M
SOLDIndustrial

Oliver Street Capital Acquires Industrial Property In Wilmington, MA For $4.8M

353 Middlesex Avenue, Wilmington, MA, USA

$4,800,000

$111/SF

Building Size

43,000 SF

Asset Type

Industrial

Closing

Jan 7, 2021

AI

353 Middlesex Avenue, an industrial property located in Wilmington, MA, was recently sold in a transaction valued at $4,800,000. The property encompasses approximately 43,000 square feet, resulting in a price per square foot of $112. The seller of the property was A & G Events, while the buyer was Oliver Street Capital, represented by Jon O'Donnell, Jon Hyde, and Michael Coskren. The sale was facilitated by Stephen Nohrden of urgessProperties.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $4,800,000
  • Address: 353 Middlesex Avenue
  • Market: Wilmington, MA
  • Square Footage: 43,000
  • Price per Square Foot: $112
  • Seller: A & G Events
  • Buyer: Oliver Street Capital - Jon O'Donnell, Jon Hyde, & Michael Coskren
  • Broker: Stephen Nohrden of urgessProperties

This successful transaction involved key individuals and companies. A & G Events acted as the seller of the property, while Oliver Street Capital emerged as the buyer, with Jon O'Donnell, Jon Hyde, and Michael Coskren representing the purchasing entity. The sale was facilitated by Stephen Nohrden of urgessProperties.

Players

Stephen Nohrden

Broker

$81.5M

vol

11 deals

Broker
Jon O'Donnell

Jon O'Donnell

Oliver Street Capital

Buyer

$79.3M

vol

4 deals

Buyer

Wilmington 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

3.30%

Cash-on-Cash

-0.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93