Equity Industrial Partners Acquires Industrial Properties In Randolph, MA For $6.7M
9 York Avenue, Randolph, MA, USA
$6,725,000
Building Size
—
Asset Type
Industrial
Closing
Mar 4, 2021
AI
An industrial property located at 9 York Avenue, 11 York Avenue, and 208 High Street in Randolph, MA was recently sold for a total of $6,725,000. The property was acquired by Equity Industrial Partners from Sterling Trust. The transaction took place on 03/05/2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,725,000
- Address: 9 York Avenue, 11 York Avenue, & 208 High Street, Randolph, MA
- Market: Randolph, MA
The sellers were represented by James McEvoy and Robert Conrad from The Conrad Group, while Tyler McGrail from Newmark Knight Frank acted as the buyer's representative.
Players
Randolph 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
2.36%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93