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
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