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John Connaughton Of Bain Capital Real Estate And Joshua Zinns Of Botanic Properties Acquire Bedford Industrial Facility For $26M

Property Image
SOLD
$26,000,000
JZ
JC

Massachusetts

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Industrial154,000 SF
Sold 05/07/2025
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Property Image
SOLD

John Connaughton Of Bain Capital Real Estate And Joshua Zinns Of Botanic Properties Acquire Bedford Industrial Facility For $26M

45 Crosby Drive

See Similar Deals
Industrial154,000 SF
Sold 05/07/2025
JZ
JC
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$168
Total Square Footage:154,000 SF
Transaction Type:Sale

An industrial asset located at 45 Crosby Drive in Bedford, MA has been sold for a price of $26,000,000. The property spans 154,000 square feet, resulting in a price per square foot of $169.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $26,000,000
  • Address: 45 Crosby Drive
  • Market: Bedford, MA
  • Square Footage: 154,000
  • Price per Square Foot: $169
  • Buyer: John Connaughton - Bain Capital Real Estate
  • Buyer: Joshua Zinns - Botanic Properties

Bain Capital Real Estate and Botanic Properties are in the process of converting the acquired building into a biomanufacturing facility, indicating their strategic intentions for the asset post-acquisition.

Players

JZ
Joshua Zinns
3 deals$90M volume
BUYER
JC
Bain Capital
John Connaughton
2 deals$236M volume
BUYER

Details

SOLD
IMAGE: John Connaughton & Joshua Zinns DATE: 05/07/2025 ADDRESS: 45 Crosby Drive MARKET: Bedford, MA ASSET TYPE: Industrial BUYER: John Connaughton - Bain Capital Real Estate & Joshua Zinns - Botanic Properties SALE PRICE: $26,000,000 SF: 154,000 ~ PPSF: $169 NOTE: Bain Capital Real Estate and Botanic Properties acquired a 154,000 sq. ft. building at 45 Crosby Drive in Bedford for $26M, with plans to convert it into a biomanufacturing facility.

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$92,372.50
Cash-on-Cash Return-1.27%
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