Updated Apr 13, 2026
ERCCI Land Co. LLC Sells 8-Acre Industrial Site In Somerville For $14.8M
51 Tannery Road
$14,800,000
Building Size
—
Asset Type
Industrial
Closing
Apr 13, 2026
About this deal
AI
An eight-acre industrial site located at 51 Tannery Road in Somerville was sold for nearly $14.8 million. The property features a fully occupied 22,000-square-foot warehouse with approved outdoor storage. This transaction highlights the significant demand for industrial assets in the market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $14,800,000
- Address: 51 Tannery Road
- Market: Somerville
- Seller: ERCCI Land Co. LLC
- Broker: Todd Gannet - Boniakowski Commercial Real Estate Group
The Boniakowski Commercial Real Estate Group facilitated the transaction, representing both the seller and the buyer in this deal. The acquisition by private investors showcases the ongoing interest in industrial properties, reinforcing the current market trends within this sector.
On the Map
$14,800,000
Industrial
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Players
Somerville 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
1.07%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93