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
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
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93