Updated Oct 29, 2024
The Throne Depot Acquires Industrial Property In Billerica, MA For $2.1M
21 Republic Rd #25, North Billerica, Ma 01862, Usa
$2,125,000
$119/SF
Building Size
17,800 SF
Asset Type
Industrial
Closing
Aug 13, 2020
About this deal
AI
Located at 21-25 Republic Road, Billerica, MA, this industrial property was recently sold in a closed transaction. The property spans 17,800 square feet, offering ample space for industrial operations. The sale price for this transaction was $2,125,000, resulting in a price per square foot of $119.38. The property is characterized by its industrial nature and its location in the bustling market of Billerica, MA.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,125,000
- Address: 21-25 Republic Road, Billerica, MA
- Market: Billerica, MA
The seller of this industrial property was Engineering Assembly Consulting LLC, while the buyer was The Throne Depot. Facilitating the transaction was Joel Aho from Aho Properties LLC, representing the buyer. The involvement of Joel Aho as the broker highlights the expertise provided by Aho Properties LLC throughout the deal.
Players
North Billerica 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
7.46%
Cash-on-Cash
-2.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93