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19 Alexander Road

The Seyon Group Acquires Industrial Asset From Charlesbank Estates For $16.3 Million In Billerica MA
SOLDIndustrial

The Seyon Group Acquires Industrial Asset From Charlesbank Estates For $16.3 Million In Billerica MA

19 Alexander Road

$16,300,000

$214/SF

Building Size

75,967 SF

Asset Type

Industrial

Closing

Oct 27, 2025

AI

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

Benjamin Gatti

Greater Boston Commercial Properties

Broker

$51.7M

vol

14 deals

Broker
Greater Boston Commercial Properties
Greater Boston Commercial PropertiesBrokerage
The Seyon Group
The Seyon GroupBuyer

Billerica 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

0.97%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93