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8 Roessler Road, Woburn, MA...

Jonathan Hyde, Jon O’Donnell, & Michael Coskren - Oliver Street Capital Acquires 62,200 SF Industrial Property In Woburn, MA For $9.5M
SOLDIndustrial

Jonathan Hyde, Jon O’Donnell, & Michael Coskren - Oliver Street Capital Acquires 62,200 SF Industrial Property In Woburn, MA For $9.5M

8 Roessler Road, Woburn, MA, USA

$9,500,000

$152/SF

Building Size

62,200 SF

Asset Type

Industrial

Closing

Dec 8, 2020

AI

Located at 8 Roessler Road in Woburn, MA, this industrial property was recently sold in a closed transaction. The property spans approximately 62,200 square feet, with a sale price of $9,500,000. The price per square foot was calculated to be $152.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $9,500,000

The seller of the property was David A. Larson, representing Atlantic Plywood. The buyer was a group consisting of Jonathan Hyde, Jon O’Donnell, and Michael Coskren, who are affiliated with Oliver Street Capital. The brokerage services for this deal were provided by Ben Roopenian from JLL.

Players

Benjamin Roopenian

JLL

Broker

$9.5M

vol

1 deal

Broker
Jon O'Donnell

Jon O'Donnell

Oliver Street Capital

Buyer

$79.3M

vol

4 deals

Buyer

Woburn 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

1.67%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93