Wheelock Capital Partners Acquires Industrial Property In Woburn For $23.8M
SOLD
$23,800,000
Massachusetts
See Similar DealsIndustrial89,442 SF
SOLD
Wheelock Capital Partners Acquires Industrial Property In Woburn For $23.8M
45 Industrial Pkwy, Woburn, MA, 01801
See Similar DealsIndustrial89,442 SF
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$266
Total Square Footage:89,442 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,269,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$84,556.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$112,824.14
Annual Debt Service$1,353,889.71
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