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45 Industrial Pkwy, Woburn,...

Wheelock Capital Partners Acquires Industrial Property In Woburn For $23.8M
SOLDIndustrial

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

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:

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.

Players

Micah Stubblebine

The Stubblebine Company

Broker

$132.1M

vol

16 deals

Broker
WP
Wheelock Capital PartnersBuyer

Woburn Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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