Updated Sep 24, 2026
Realterm Acquires Two Industrial Outdoor Storage Properties In Ayer And Devens For $7.7M
27 Cooke Street & 15 Westford Road
$7,700,000
$374/SF
Building Size
12,160 SF
Asset Type
Other
Closing
Sep 18, 2026
About this deal
AI
The transaction involved two industrial outdoor storage properties located at 27 Cook St and 15 Westford Road in Ayer and Devens, Massachusetts. The total sale price for these properties was $7,700,000, with a combined square footage of 12,160 and a price per square foot of $633.
Summary of transaction details:
- Property Type: Other
- Transaction Amount: $7,700,000
- Buyer: Realterm
- Seller: Paul Routhier
- Broker: James Keogh - 128 CRE
James Keogh of 128 CRE acted as the sole broker in this transaction, providing crucial assistance to the seller throughout the process. The seller expressed confidence in James's ability to manage the sale effectively, highlighting his communication skills and problem-solving capabilities during various challenges that arose before closing.
On the Map
$7,700,000
$374/SF
Other
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Players
Devens Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93