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Benjamin W. Schall Of AvalonBay Communities Purchases Multifamily Site In Billerica For $14M
SOLD
$14,000,000
Massachusetts
See Similar DealsMultiFamily
Sold 08/27/2025
SOLD
Benjamin W. Schall Of AvalonBay Communities Purchases Multifamily Site In Billerica For $14M
480 Boston Road
See Similar DealsMultiFamily
Sold 08/27/2025
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale
The property involved in this transaction is a multifamily residential development site located at 480 Boston Road, Billerica, MA, encompassing 8.75 acres. The sale price for this asset was $14,000,000, and it is set to include a 200-unit apartment building, along with additional commercial space for a supermarket and retail establishments.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,000,000
- Buyer: Benjamin W. Schall - AvalonBay Communities
- Seller: RD Management
- Address: 480 Boston Road
- Market: Billerica, MA
- Acres: 8.75
Benjamin W. Schall represented AvalonBay Communities in this transaction, while RD Management was the seller of the property at the Shoppes and Residences at Billerica. The deal highlights the collaboration between these firms in the multifamily sector of real estate development.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$746,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71
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