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Local 103, I.B.E.W Acquires Office Building In Wilmington, MA For $3.18M

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SOLD
$3,180,000

Massachusetts

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Office14,350 SF
Sold 08/06/2021
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Property Image
SOLD

Local 103, I.B.E.W Acquires Office Building In Wilmington, MA For $3.18M

21a Concord St, Wilmington, Massachusetts, USA

See Similar Deals
Office14,350 SF
Sold 08/06/2021
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Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$221
Total Square Footage:14,350 SF
Transaction Type:Sale

The office property located at 21A Concord St in Wilmington, MA has been sold for a price of $3,180,000. The transaction took place on 08/06/2021 and the property spans over an area of 14,350 square feet. The buyer, Local 103, I.B.E.W, acquired the property from the seller, E & H Development LLC. The sale price equates to $222 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $3,180,000
  • Address: 21A Concord St, Wilmington, MA
  • Market: Wilmington, MA
  • Seller: E & H Development LLC
  • Buyer: Local 103, I.B.E.W
  • Seller's Representative: Micah Stubblebine - The Stubblebine Company/CORFAC International
  • Buyer's Representative: Ed Carbone - Carbone Real Estate

Micah Stubblebine from The Stubblebine Company/CORFAC International represented the seller, E & H Development LLC, in the transaction. On the other hand, Ed Carbone from Carbone Real Estate represented the buyer, Local 103, I.B.E.W. Both parties reached an agreement on the sale of the property, which is situated in the Wilmington market.

Players

Micah Stubblebine
16 deals$132.1M volume
BROKER

Ed Carbone
1 deal$3.2M volume
BROKER

Details

SOLD
IMAGE: Micah Stubblebine DATE: 08/06/2021 ADDRESS: 21A Concord St MARKET: Wilmington, MA ASSET TYPE: Office SELLER: E & H Development LLC BUYER: Local 103, I.B.E.W SELLER'S REP: Micah Stubblebine - The Stubblebine Company/CORFAC International BUYER'S REP: Ed Carbone - Carbone Real Estate SALE PRICE: $3,180,000 SF: 14,350 ~ PPSF: $222

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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