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41 Leona Drive, Middleboro,...

Lincoln Property Company Acquires Industrial Property On Leona Dr In Middleborough, MA For $4.15M
SOLDIndustrial

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

Lenny Pierce

JLL

Broker

$141.1M

vol

11 deals

Broker
Lincoln Property Company
Lincoln Property CompanyBrokerage
Lincoln Property Company
Lincoln Property CompanyBuyer

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