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900 Middlesex Turnpike

Aaron Snegg Of Berkeley Partners Acquires Industrial Asset From Steve Goodman Of GFI Partners For $22M
SOLDIndustrial

Aaron Snegg Of Berkeley Partners Acquires Industrial Asset From Steve Goodman Of GFI Partners For $22M

900 Middlesex Turnpike

$22,000,000

$231/SF

Building Size

95,000 SF

Asset Type

Industrial

Closing

Jul 16, 2025

AI

The industrial asset at 900 Middlesex Turnpike in Billerica, MA encompasses a total area of 95,000 square feet. The property was transacted for a sale price of $22,000,000, translating to a price per square foot of $232. The building, constructed in the 1980s, was previously sold for $8.1 million in 2018.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $22,000,000
  • Address: 900 Middlesex Turnpike
  • Market: Billerica, MA
  • Square Footage: 95,000
  • Price per Square Foot: $232
  • Buyer: Aaron Snegg - Berkeley Partners
  • Seller: Steve Goodman - GFI Partners
  • Previous Sale Price: $8,100,000
  • Previous Sale Year: 2018

Aaron Snegg represented Berkeley Partners in this acquisition, while Steve Goodman represented GFI Partners in the sale transaction. The deal reflects the ongoing activity in the industrial property sector.

Players

Aaron Snegg

Buyer

$161M

vol

6 deals

Buyer
Berkeley Partners
Berkeley PartnersBuyer

Steven Goodman

GFI Partners

Seller

$27.5M

vol

3 deals

Seller
GFI Partners
GFI PartnersSeller

Billerica 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

0.72%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93