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
Boston 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