Lincoln Property Company Acquires Industrial Property On Leona Dr In Middleborough, MA For $4.15M
41 Leona Drive, Middleboro, Massachusetts 02346, United States
$4,150,000
$138/SF
Building Size
30,050 SF
Asset Type
Industrial
Closing
Jun 12, 2022
AI
An industrial property located at 41 Leona Dr in Middleborough, MA, has been sold for a price of $4,150,000. The property spans a total of 30,050 square feet, resulting in a price per square foot of $138. The transaction took place on 06/13/2022.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $4,150,000
- Address: 41 Leona Dr, Middleborough, MA
- Market: Middleborough, MA
- Buyer: Lincoln Property Company
- Seller: Butler Automation
The buyer in the transaction was Lincoln Property Company, while the seller was Butler Automation. The deal was facilitated by brokers Lenny Pierce, Michael Restivo, and David Coffman from JLL.
Players
Middleboro 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
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93