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900 Middlesex Turnpike

The Davis Companies Acquires Industrial Property In Billerica, MA For $23.7M
SOLDIndustrial

The Davis Companies Acquires Industrial Property In Billerica, MA For $23.7M

900 Middlesex Turnpike

$23,730,000

$258/SF

Building Size

91,649 SF

Asset Type

Industrial

Closing

Dec 28, 2021

AI

The Davis Companies has acquired an industrial property located at 900 Middlesex Turnpike (Building 6) in Billerica, MA. The property covers an area of 91,649 square feet and was sold for a total of $23,730,000, resulting in a price per square foot of $259. The seller of the property was The RAM Companies. The sale transaction took place on December 28, 2021.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $23,730,000
  • Address: 900 Middlesex Turnpike (Building 6), Billerica, MA
  • Market: Billerica, MA
  • Buyer: The Davis Companies
  • Seller: The RAM Companies

The sale of the property was facilitated by the brokerage firm CBRE, with Scott Dragos, Chris Skeffington, Doug Jacoby, Anthony Hayes, Roy Sandeman, Tim Mulhall, and Dan Hines representing both the buyer and the seller in the transaction.

Players

Chris Skeffington

CBRE

Broker

$1.2B

vol

19 deals

Broker
The RAM Companies
The RAM CompaniesBrokerage
The RAM Companies
The RAM CompaniesSeller

Billerica Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.67%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93