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95 Billerica Avenue, Biller...

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

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

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

$9,450,000

$125/SF

Building Size

75,500 SF

Asset Type

Industrial

Closing

Jun 22, 2020

AI

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

Broker

$45.6M

vol

12 deals

Broker
MT
Miller Family TrustBuyer
AL
Azad Legacy Partners, LLCSeller

North 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

1.68%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93