Jonathan Hyde, Jon O’Donnell, & Michael Coskren - Oliver Street Capital Acquires 62,200 SF Industrial Property In Woburn, MA For $9.5M
SOLD
$9,500,000
+ 1
Massachusetts
See Similar DealsIndustrial62,200 SF
Sold 12/09/2020
SOLD
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
See Similar DealsIndustrial62,200 SF
Sold 12/09/2020
+ 1
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$152
Total Square Footage:62,200 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$506,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,751.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,034.85
Annual Debt Service$540,418.16
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