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

Property Image
SOLD
$4,800,000
Jon O'Donnell
Jon Hyde
+ 1

Massachusetts

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Industrial43,000 SF
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Property Image
SOLD

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

353 Middlesex Avenue, Wilmington, MA, USA

See Similar Deals
Industrial43,000 SF
Sold
Jon O'Donnell
Jon Hyde
+ 1
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Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$111
Total Square Footage:43000 SF
Transaction Type:Sale

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

11 deals$81.5M volume
BROKER

Jon O'Donnell
4 deals$79.3M volume
BUYER

Jon Hyde
5 deals$133.4M volume
BUYER

Michael Coskren
4 deals$83.4M volume
BUYER

Details

SOLD
IMAGE: Stephen Nohrden DATE: 01/08/2021 ADDRESS: 353 Middlesex Avenue MARKET: Wilmington, MA ASSET TYPE: Industrial SELLER: A & G Events BUYER: Oliver Street Capital - Jon O'Donnell, Jon Hyde, & Michael Coskren BROKER: Stephen Nohrden - @BurgessProperties SALE PRICE: $4,800,000 SF: 43,000 ~ PPSF: $112

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$256,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39