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Miller Family Trust Acquires Industrial Property In Billerica, MA For $9.45M

Property Image
SOLD
$9,450,000
Andy Kushner
Jeremy Cyrier

Massachusetts

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Industrial75,500 SF
Sold 06/22/2020
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Property Image
SOLD

Miller Family Trust Acquires Industrial Property In Billerica, MA For $9.45M

95 Billerica Avenue, Billerica, North Billerica, Massachusetts, USA

See Similar Deals
Industrial75,500 SF
Sold 06/22/2020
Andy Kushner
Jeremy Cyrier
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$125
Total Square Footage:75,500 SF
Transaction Type:Sale

The industrial property located at 95 Billerica Avenue in Billerica, MA has been sold. The transaction took place on 06/22/2021 for a total price of $9,450,000. The property, owned by Azad Legacy Partners, was purchased by the Miller Family Trust.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $9,450,000
  • Market: Billerica, MA
  • Seller: Azad Legacy Partners
  • Buyer: Miller Family Trust
  • Seller's Representative: Jeremy Cyrier - MANSARD
  • Buyer's Representative: Andy Kushner - RE/MAX Commercial

This transaction was facilitated by Jeremy Cyrier from MANSARD, who acted as the seller's representative, and Andy Kushner from RE/MAX Commercial, who represented the buyer. Both parties successfully negotiated the sale of the industrial property at 95 Billerica Avenue.

Players

Jeremy Cyrier
Jeremy Cyrier
12 deals$45.6M volume
BROKER
Andy Kushner
Re/Max
Andy Kushner
1 deal$9.5M volume
BROKER
MT
Miller Family Trust
BUYER
AL
Azad Legacy Partners, LLC
SELLER

Details

SOLD
IMAGE: Andy Kushner & Jeremy Cyrier DATE: 06/22/2021 ADDRESS: 95 Billerica Avenue MARKET: Billerica, MA ASSET TYPE: Industrial SELLER: Azad Legacy Partners BUYER: Miller Family Trust SELLER'S REP: Jeremy Cyrier - MANSARD BUYER'S REP: Andy Kushner - RE/MAX Commercial SALE PRICE: $9,450,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$504,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$33,573.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,797.82
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