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Rockpoint Acquires Uxbridge Distribution Center From Bob Scannell For $120 Million
SOLD
$120,000,000
Massachusetts
See Similar DealsIndustrial607,000 SF
Sold 02/07/2025
SOLD
Rockpoint Acquires Uxbridge Distribution Center From Bob Scannell For $120 Million
40 Lackey Dam Road
See Similar DealsIndustrial607,000 SF
Sold 02/07/2025
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$197
Total Square Footage:607,000 SF
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,400,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$426,334.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$568,861.22
Annual Debt Service$6,826,334.65
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