Updated Sep 10, 2026
Berkeley Partners Acquires Two Industrial Properties In Marlborough And Northborough For $36M
870 Donald J. Lynch Boulevard, 30 Barefoot Road & 30 Bearfoot Road
$36,000,000
$290/SF
Building Size
124,000 SF
Asset Type
Industrial
Closing
Sep 8, 2026
About this deal
AI
Berkeley Partners acquired two industrial properties located at 870 Donald J. Lynch Boulevard and 30 Bearfoot Road in Marlborough and Northborough, MA. The total sale price for the transaction was $36,000,000, with a total square footage of 124,000. The properties include a 59,000 square foot R&D facility leased to Aspen Aerogels and a 65,000 square foot GMP-compliant manufacturing facility, making the price per square foot approximately $290.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $36,000,000
- Buyer: Berkeley Partners
- Seller: Ryan McCord - McCord Development
- Square Footage: 124,000
- Price Per Square Foot: $290
- Market: Marlborough & Northborough, MA
Ryan McCord represented McCord Development in the sale to Berkeley Partners, facilitating the transfer of ownership for the two properties involved in this transaction.
On the Map
$36,000,000
$290/SF
Industrial
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Marlborough 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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93