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
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