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75 Technology Drive

Updated Oct 13, 2026

SOLDIndustrial

Rhino Capital Advisors Acquires 62,000 SF Industrial Property In Lowell, MA For $12.4M

75 Technology Drive

$12,400,000

$200/SF

Building Size

62,000 SF

Asset Type

Industrial

Closing

Jul 19, 2022

About this deal

AI

The property asset involved in this transaction is located at 75 Technology Drive, Lowell, Massachusetts. It is an industrial asset with a total square footage of 62,000. The transaction was completed at a sale price of $12,400,000, which equates to a price per square foot of $200.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $12,400,000
  • Buyer: Rhino Capital Advisors
  • Seller: Jumbo Capital, Inc
  • Broker: Anthony Biette - Peak Real Estate Partners
  • SF: 62,000
  • PPSF: $200

Anthony Biette of Peak Real Estate Partners represented Jumbo Capital Inc. in the sale and also procured Rhino Capital Advisors as the buyer. The transaction included a long-term lease agreement with the tenant Microchip, which was a significant factor in attracting the buyer. Statements from Jumbo Capital revealed their focus on restructuring the lease for Microchip prior to the sale, contributing to the asset’s appeal during the transaction.

On the Map

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$12,400,000

$200/SF

Industrial

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Players

Anthony Biette

Freudenheim Partners

Broker

$27.9M

vol

4 deals

Broker
Jumbo Capital
Jumbo CapitalBuyer
Jumbo Capital
Jumbo CapitalSeller

Lowell Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $200 per square foot on a published $12.4M for 62,000 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.28%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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