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21 Parker Drive

B&D Holdings Acquires Industrial Asset From Oliver Street Capital For $18.5 Million In Boston
SOLDIndustrial

B&D Holdings Acquires Industrial Asset From Oliver Street Capital For $18.5 Million In Boston

21 Parker Drive

$18,500,000

$176/SF

Building Size

105,000 SF

Asset Type

Industrial

Closing

Nov 26, 2024

AI

The property asset involved in this transaction is located at 21 Parker Drive, Boston, MA. The industrial asset spans 105,000 square feet and was sold for a transaction amount of $18,500,000, resulting in a price per square foot of $176.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $18,500,000
  • Square Footage: 105,000
  • Address: 21 Parker Drive
  • Market: Boston, MA
  • Buyer: Rob Logan, Martin Segal & Jack Shulman - B&D Holdings
  • Seller: Oliver Street Capital
  • Broker Team: Michael Restivo, David Coffman, Rachel Marks, Ali Howard & Tommy Hovey - JLL
  • Price per Square Foot: $176

B&D Holdings, represented by Rob Logan, Martin Segal, and Jack Shulman, is actively seeking warehouse and industrial opportunity space in the Greater Boston region. Interested parties can contact Jack at [email protected] for potential opportunities.

Players

Michael Restivo

JLL

Broker

$523.4M

vol

29 deals

Broker

Avon 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

0.86%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93