Montvale & Jefferson LLC Acquires Industrial Property On Blueberry Hill Road In Woburn, MA For $3.6M
SOLD
$3,565,000
+ 1
Massachusetts
See Similar DealsIndustrial
Sold 09/30/2022
SOLD
Montvale & Jefferson LLC Acquires Industrial Property On Blueberry Hill Road In Woburn, MA For $3.6M
90 Blueberry Hill Road, Woburn, Massachusetts 01801, United States
See Similar DealsIndustrial
Sold 09/30/2022
+ 1
Summary
MASSACHUSETTS
Asset Type:Industrial
Transaction Type:Sale
Montvale & Jefferson LLC has acquired an industrial property located at 90 Blueberry Hill Road in Woburn, MA. The property spans approximately 1.89 acres and was sold by 90 Blueberry LLC. The transaction was facilitated by brokers Micah Stubblebine, James Stubblebine, Aaron Smith, and Ellen Garthoff from The Stubblebine Company. The sale took place on September 30, 2022, for a total price of $3,565,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,565,000
- Address: 90 Blueberry Hill Road, Woburn, MA
- Market: Woburn, MA
- Acres: 1.89
This acquisition marks an important step for Montvale & Jefferson LLC in expanding its industrial property portfolio. The involvement of brokers Micah Stubblebine, James Stubblebine, Aaron Smith, and Ellen Garthoff from The Stubblebine Company highlights their expertise in facilitating successful transactions in the Woburn, MA market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$190,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,665.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,899.92
Annual Debt Service$202,799.03
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