Westport Properties & Heitman Acquires Industrial Property In Needham, MA For $25.1M
540 Hillside Avenue, Needham, MA, USA
$25,100,000
$304/SF
Building Size
82,328 SF
Asset Type
Industrial
Closing
Jan 7, 2021
AI
The industrial property located at 540 Hillside Avenue in Needham, MA has been sold for a price of $25,100,000. The property sits on approximately 2 acres of land, resulting in a price per acre of $12,550,000. The sale took place on January 8, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $25,100,000
- Address: 540 Hillside Avenue, Needham, MA
- Market: Needham, MA
The property was sold by SSG Development and purchased by Westport Properties & Heitman, represented by Charles Byerly. The deal was facilitated by Charles Byerly, who acted as the buyer's representative in the transaction.
Players
Needham Heights 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93