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357 Fortune Blvd, Milford, ...

JLL Capital Markets Facilitates $5.3M Sale Of Industrial Property In Milford, MA
SOLDIndustrial

JLL Capital Markets Facilitates $5.3M Sale Of Industrial Property In Milford, MA

357 Fortune Blvd, Milford, Massachusetts, USA

$5,300,000

$165/SF

Building Size

32,040 SF

Asset Type

Industrial

Closing

Nov 12, 2021

AI

An industrial property located at 357 Fortune Blvd in Milford, MA has recently been sold. The property spans across 3.7 acres, making it ideal for industrial use.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,300,000
  • Square Footage: 32,040
  • Price per Square Foot: $165

The sale of this property was facilitated by the brokers Michael Restivo and Lenny Pierce from JLL Capital Markets. They played a crucial role in representing the buyer and seller in the transaction, ensuring a successful deal.

With its strategic location in Milford, MA, this industrial property offers great potential for businesses seeking a suitable space. The deal was finalized on November 12, 2021, adding to the portfolio of the new owner, whose identity has not been disclosed. The transaction highlights the robust industrial market in Milford, MA, and the significant investment made in this property.

Players

Lenny Pierce

JLL

Broker

$141.1M

vol

11 deals

Broker

Milford 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

2.99%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93