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
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