Updated Oct 28, 2024
Local 103, I.B.E.W Acquires Office Building In Wilmington, MA For $3.18M
21a Concord St, Wilmington, Massachusetts, USA
$3,180,000
$221/SF
Building Size
14,350 SF
Asset Type
Office
Closing
Aug 5, 2021
About this deal
AI
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.
On the Map
$3,180,000
$221/SF
Office
View full map
Players
Wilmington Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Micah Stubblebine to view all their deals.
Browse Massachusetts office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.99%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93