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74 Lowland Street, Hollisto...

Pagell Corp. Signs 10-Year Lease In $5.1M Industrial Sale At 74 Lowland Street, Holliston MA
SOLDIndustrial

Pagell Corp. Signs 10-Year Lease In $5.1M Industrial Sale At 74 Lowland Street, Holliston MA

74 Lowland Street, Holliston, MA 01746, USA

$5,100,000

$78/SF

Building Size

65,245 SF

Asset Type

Industrial

Closing

Apr 1, 2021

AI

Pagell Corp. has recently signed a ten-year lease for the industrial property located at 74 Lowland Street in Holliston, MA. The property, sold by Bret O'Brien of Greater Boston Commercial Properties, Inc, was listed at a sale price of $5,100,000 with a cap rate of 7%. This transaction represents a significant investment in the Holliston industrial market.

Summary of Transaction Details:

  • Property Type: Industrial
  • Transaction Amount: $5,100,000
  • Address: 74 Lowland Street, Holliston, MA
  • Market: Holliston, MA

This deal showcases the strong demand for industrial properties in Holliston, MA, with Pagell Corp. securing a long-term lease on the property. The ten-year lease agreement solidifies their commitment to the location and highlights the property's desirability for industrial operations.

Players

Bret O'Brien

Greater Boston Commercial Properties

Broker

$62M

vol

13 deals

Broker

Holliston 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

3.11%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93