Updated Oct 28, 2024
Related Companies Acquires 6 Bunker Hill Industrial Park, 420 Rutherford Avenue, & 440 Rutherford Avenue In Charlestown, MA For $74.5M
6 Bunker Hill Industrial Park, Boston, MA, USA
$74,500,000
$671/SF
Building Size
110,898 SF
Asset Type
Industrial
Closing
Jul 6, 2020
About this deal
AI
The industrial property located at 6 Bunker Hill Industrial Park, 420 Rutherford Avenue, and 440 Rutherford Avenue in Charlestown, MA has been sold. The property spans a total of 110,898 square feet and is situated on 4.37 acres of land. It was transacted for a total sale price of $74,500,000, resulting in a price per square foot of $672. The price per acre amounts to approximately $17,048,054.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $74,500,000
The seller of the property was Center Court, while the buyer was Related Companies. The sale was facilitated by brokers Scott Dragos, Chris Skeffington, Doug Jacoby, Tony Hayes, Tim Mulhall, Roy Sandeman, and Dan Hines from the agency CBRE.
Players
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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93