Updated Dec 4, 2024
Hub Building Maintenance Acquires Industrial/Flex Building In Burlington, MA For $1.845M
5-7 Ray Avenue
$1,845,000
$335/SF
Building Size
5,500 SF
Asset Type
Industrial
Closing
Dec 15, 2023
About this deal
AI
R.W. Holmes Commercial Real Estate facilitated the sale of a 5,500-square-foot industrial/flex building located at 5-7 Ray Avenue in Burlington, MA. The property was sold to Hub Building Maintenance for a total price of $1,845,000, resulting in a price per square foot of $335.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,845,000
- Address: 5-7 Ray Avenue, Burlington, MA
- Market: Burlington, MA
- Buyer's Representative: Mike Ogasapian - R.W. Holmes Commercial Real Estate
- Seller's Representative: Benjamin Gatti - Greater Boston Commercial Properties
This transaction signifies the successful collaboration between R.W. Holmes Commercial Real Estate and Hub Building Maintenance. Mike Ogasapian from R.W. Holmes represented the buyer, while Benjamin Gatti from Greater Boston Commercial Properties represented the seller. The sale of this industrial/flex building marks a significant milestone for both parties involved.
It is worth noting that Hub Building Maintenance acquired the property for their business operations in Burlington, MA, further enhancing their presence in the industrial sector.
On the Map
$1,845,000
$335/SF
Industrial
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Players
Burlington 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
8.60%
Cash-on-Cash
-2.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93