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9 York Avenue, Randolph, MA...

Equity Industrial Partners Acquires Industrial Properties In Randolph, MA For $6.7M
SOLDIndustrial

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

James McEvoy

Broker

$62.7M

vol

13 deals

Broker
EP
Equity Industrial PartnersBuyer

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