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58 Hampden Street, Roxbury,...

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

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

58 Hampden Street, Roxbury, Massachusetts 02119, United States

$25,000,000

Building Size

Asset Type

Industrial

Closing

Jan 7, 2022

AI

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

The Stubblebine Company

Broker

$313.6M

vol

31 deals

Broker

Boston 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

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93