Equity Industrial Partners Acquires Industrial Properties In Randolph, MA For $6.7M
SOLD
$6,725,000
Massachusetts
See Similar DealsIndustrial
Sold 03/05/2021
SOLD
Equity Industrial Partners Acquires Industrial Properties In Randolph, MA For $6.7M
9 York Avenue, Randolph, MA, USA
See Similar DealsIndustrial
Sold 03/05/2021
Summary
MASSACHUSETTS
Asset Type:Industrial
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$358,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,892.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,879.93
Annual Debt Service$382,559.17
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