The Stubblebine Company Facilitates $11.9M Industrial Sale In Billerica, MA
9 Sterling Rd, Billerica, North Billerica, Massachusetts, USA
$11,935,000
$104/SF
Building Size
114,004 SF
Asset Type
Industrial
Closing
Apr 22, 2021
AI
The industrial property located at 9 & 13 Sterling Rd, 3 Esquire Rd, 11 Republic Rd, 2 Republic Rd, & 0 Republic Rd in Billerica, MA, was recently sold. The transaction took place on 04/23/2021, and the property was sold for a total price of $11,935,000. The property spans a total area of 114,004 square feet, resulting in a price per square foot of $105.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $11,935,000
- Address: 9 & 13 Sterling Rd, 3 Esquire Rd, 11 Republic Rd, 2 Republic Rd, & 0 Republic Rd, Billerica, MA
- Market: Billerica, MA
The sale of this property was facilitated by David Stubblebine, James Stubblebine, Micah Stubblebine, & Chris Michniewicz from The Stubblebine Company. Their expertise in the real estate industry played a crucial role in closing the deal.
Players
North Billerica 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
1.33%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93