The Seyon Group Acquires Industrial Asset From Charlesbank Estates For $16.3 Million In Billerica MA
SOLD
$16,300,000
Massachusetts
See Similar DealsIndustrial75,967 SF
Sold 10/28/2025
SOLD
The Seyon Group Acquires Industrial Asset From Charlesbank Estates For $16.3 Million In Billerica MA
19 Alexander Road
See Similar DealsIndustrial75,967 SF
Sold 10/28/2025
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$214
Total Square Footage:75,967 SF
Transaction Type:Sale
The property involved in the transaction is an industrial asset located at 19 Alexander Road, Billerica, MA. The sale was finalized for a price of $16,300,000, covering an area of 75,967 square feet, which translates to a price per square foot of $214.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,300,000
- Square Footage: 75,967
- Price per Square Foot: $214
- Buyer: The Seyon Group
- Seller: Charlesbank Estates, Inc
- Seller's Representative: Benjamin Gatti - Greater Boston Commercial Properties
The Seyon Group acted as the buyer in this transaction, while Charlesbank Estates, Inc was the seller. Benjamin Gatti from Greater Boston Commercial Properties represented the seller in this deal, facilitating the transaction between the involved parties.
Players
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BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$869,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$57,910.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$77,270.32
Annual Debt Service$927,243.79
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