Lincoln Property Company Acquires Industrial Property On Leona Dr In Middleborough, MA For $4.15M
SOLD
$4,150,000
Massachusetts
See Similar DealsIndustrial30,050 SF
Sold 06/13/2022
SOLD
Lincoln Property Company Acquires Industrial Property On Leona Dr In Middleborough, MA For $4.15M
41 Leona Drive, Middleboro, Massachusetts 02346, United States
See Similar DealsIndustrial30,050 SF
Sold 06/13/2022
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$138
Total Square Footage:30,050 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$221,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,744.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,673.12
Annual Debt Service$236,077.41
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