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RAM Construction Acquires 3.4 Acre Industrial Property In Boston, MA For $25M

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SOLD
$25,000,000

Massachusetts

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RAM Construction Acquires 3.4 Acre Industrial Property In Boston, MA For $25M

58 Hampden Street, Roxbury, Massachusetts 02119, United States

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Industrial
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Summary

MASSACHUSETTS
Asset Type:Industrial
Transaction Type:Sale

RAM Construction, LLC has acquired an industrial property located at 58 Hampden St in Boston, MA. The property spans approximately 3.4 acres and was purchased for a total sale price of $25,000,000. The transaction was facilitated by brokers David Skinner and David Stubblebine from The Stubblebine Co.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $25,000,000
  • Date: 01/07/2022
  • Address: 58 Hampden St, Boston, MA
  • Market: Boston, MA
  • Brokers: David Skinner & David Stubblebine - The Stubblebine Co

The acquisition of this industrial property by RAM Construction, LLC marks a significant investment in the Boston market. With a land size of approximately 3.4 acres, the property provides ample space for industrial operations. The brokers involved in the deal, David Skinner and David Stubblebine from The Stubblebine Co, played a crucial role in facilitating the transaction.

Players

David Stubblebine
34 deals$313.6M volume
BROKER

David Skinner
Prescott Advisory
10 deals$91M volume
BROKER

Details

SOLD
IMAGE: David Skinner & David Stubblebine DATE: 01/07/2022 ADDRESS: 58 Hampden St MARKET: Boston, MA ASSET TYPE: Industrial ~ ACRES: 3.4 BUYER: RAM Construction, LLC BROKERS: David Skinner & David Stubblebine - The Stubblebine Co SALE PRICE: $25,000,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,333,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05