The Stubblebine Company Facilitates $11.9M Industrial Sale In Billerica, MA
SOLD
$11,935,000
+ 1
Massachusetts
See Similar DealsIndustrial114,004 SF
Sold 04/23/2021
SOLD
The Stubblebine Company Facilitates $11.9M Industrial Sale In Billerica, MA
9 Sterling Rd, Billerica, North Billerica, Massachusetts, USA
See Similar DealsIndustrial114,004 SF
Sold 04/23/2021
+ 1
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$104
Total Square Footage:114,004 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$636,533.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,402.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,577.99
Annual Debt Service$678,935.87
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