Updated Oct 29, 2024
Wheelock Capital Partners Acquires Industrial Property In Woburn For $23.8M
45 Industrial Pkwy, Woburn, MA, 01801
$23,800,000
$266/SF
Building Size
89,442 SF
Asset Type
Industrial
Closing
Nov 20, 2023
About this deal
AI
A multi-tenant industrial building located at 45 Industrial Parkway in Woburn, MA has been sold for $23.8 million. The property spans 89,442 square feet and is situated on 4.58 acres, close to the junction of I-93 and I-95. At the time of the sale, the building was fully leased to three tenants.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $23,800,000.00
- Address: 45 Industrial Pkwy, Woburn, MA, 01801
- Market: Woburn
- Square Footage: 89,442
- Seller's Representative: Micah Stubblebine - The Stubblebine Company
- Buyer: Wheelock Capital Partners
A joint venture formed by Camber Development and Wheelock Capital Partners was involved in the purchase of the property. Micah Stubblebine of The Stubblebine Company represented the seller and successfully procured the buyer during this transaction.
On the Map
$23,800,000
$266/SF
Industrial
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Players
Woburn 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
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93