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

Property Image
SOLD
$18,500,000
David Coffman
Michael (Mike) Restivo
Tommy (Tom) Hovey
+ 2

Massachusetts

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Industrial105,000 SF
Sold 11/26/2024
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Property Image
SOLD

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

21 Parker Drive

See Similar Deals
Industrial105,000 SF
Sold 11/26/2024
David Coffman
Michael (Mike) Restivo
Tommy (Tom) Hovey
+ 2
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$176
Total Square Footage:105,000 SF
Transaction Type:Sale

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 (Mike) Restivo
JLL
Michael Restivo
29 deals$523.4M volume
BROKER
David Coffman
JLL
David Coffman
15 deals$308.2M volume
BROKER
Tommy (Tom) Hovey
JLL
Tommy Hovey
9 deals$125.7M volume(860) 944-3851
BROKER
Rachel Marks
JLL
Rachel Marks
4 deals$18.5M volume(617) 946-2413
BROKER
Alison (Ali) Howard
JLL
Alison Howard
4 deals$200.5M volume
BROKER

Details

SOLD
IMAGE: Rob Logan, Martin Segal, Jack Shulman, Michael Restivo, David Coffman, Rachel Marks, Ali Howard & Tommy Hovey DATE: 11/26/2024 ADDRESS: 21 Parker Drive MARKET: Boston, MA ASSET TYPE: Industrial BUYER: Rob Logan, Martin Segal & Jack Shulman - B&D Holdings SELLER: Oliver Street Capital BROKERS: Michael Restivo, David Coffman, Rachel Marks, Ali Howard & Tommy Hovey - JLL (@JLL) SALE PRICE: $18,500,000 SF: 105,000 ~ PPSF: $176 NOTE FROM BUYER: B&D Holdings is actively looking for warehouse and IOS opportunities in the Greater Boston region. Please send opportunities to [email protected]

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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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