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The RAM Companies Acquires Industrial Property In North Billerica, MA For $14.5M

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SOLD
$14,500,000

Massachusetts

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Industrial92 SF
Sold 11/22/2022
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Property Image
SOLD

The RAM Companies Acquires Industrial Property In North Billerica, MA For $14.5M

96 High Street, North Billerica, Massachusetts 01862, United States

See Similar Deals
Industrial92 SF
Sold 11/22/2022
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Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$157,608
Total Square Footage:92 SF
Transaction Type:Sale

Located at 96 High Street in North Billerica, MA, this industrial property was recently sold in a closed transaction. The property spans an area of 92,000 square feet and features a range of industrial facilities and amenities. The transaction took place on 11/22/2022 and was facilitated by the brokers Michael Restivo and Lenny Pierce from JLL. The sale price for the property was $14,500,000, resulting in a price per square foot of $158.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $14,500,000
  • Address: 96 High Street, North Billerica, MA
  • Date: 11/22/2022
  • Market: North Billerica, MA
  • Buyer: The RAM Companies - Mark Campbell
  • Seller: Iron Mountain
  • Brokers: Michael Restivo & Lenny Pierce - JLL
  • Square Footage: 92,000
  • Price per Square Foot: $158

The RAM Companies, represented by Mark Campbell, acquired the industrial property from Iron Mountain in this transaction. The involvement of brokers Michael Restivo and Lenny Pierce from JLL helped facilitate the deal. The sale of this property demonstrates the ongoing activity and value in the North Billerica, MA real estate market.

Players

Lenny Pierce
11 deals$141.1M volume
BROKER

Michael (Mike) Restivo
JLL
29 deals$523.4M volume
BROKER

Mark Campbell
The RAM Companies
4 deals$168.6M volume
BUYER

Details

SOLD
IMAGE: Mark Campbell DATE: 11/22/2022 ADDRESS: 96 High Street MARKET: North Billerica, MA ASSET TYPE: Industrial BUYER: The RAM Companies - Mark Campbell SELLER: Iron Mountain BROKERS: Michael Restivo & Lenny Pierce (@Lenny_Pierce) - JLL (@JLL) SALE PRICE: $14,500,000 SF: 92,000 ~ PPSF: $158

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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