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
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