Updated Feb 12, 2025
Rockpoint Acquires Uxbridge Distribution Center From Bob Scannell For $120 Million
40 Lackey Dam Road
$120,000,000
$197/SF
Building Size
607,000 SF
Asset Type
Industrial
Closing
Feb 7, 2025
About this deal
AI
The asset involved in this transaction is an industrial property located at 40 Lackey Dam Road in Uxbridge, MA. The property encompasses 70 acres and features a total square footage of 607,000. The transaction was completed for a sale price of $120,000,000, translating to a price per square foot of $198.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $120,000,000
- Square Footage: 607,000
- Address: 40 Lackey Dam Road
- Market: Uxbridge, MA
- Seller: Bob Scannell - Scannell Properties
- Buyer: Rockpoint
This acquisition marks a significant expansion of Rockpoint's industrial holdings, particularly as it relates to the Uxbridge Distribution Center. The deal represents the largest property sale in Central Massachusetts since 2020.
On the Map
$120,000,000
$197/SF
Industrial
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93