Updated Oct 29, 2024
BentallGreenOak Acquires Industrial Assets In Wilmington, Billerica, And Londonderry For $95M
500 Research Drive, Wilmington, MA, USA
$95,000,000
$173/SF
Building Size
548,200 SF
Asset Type
Industrial
Closing
Mar 25, 2021
About this deal
AI
The industrial property located at 500, 600, & 800 Research Drive, 16, 17, & 29 Esquire Road, and 34A and 34B Londonderry Road in Wilmington, Billerica, & Londonderry, New Hampshire, MA has been sold. The transaction took place on 03/26/2021. The property was sold by Novaya Real Estate Ventures, represented by James M. Alden. The buyer of the property is BentallGreenOak, represented by Sonny Kalsi. The sale was facilitated by CBRE.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $95,000,000
- Square Footage: 548,200
- Price per Square Foot: $173
This transaction involved James M. Alden from Novaya Real Estate Ventures as the seller, and Sonny Kalsi from BentallGreenOak as the buyer. The deal was brokered by CBRE.
On the Map
$95,000,000
$173/SF
Industrial
View full map
Wilmington Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Sonny Kalsi to view all their deals.
Browse Massachusetts industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93