Image courtesy of JLL

A partnership between Boston-based Oliver Street Capital and Bain Capital Real Estate is the new owner of a fully-leased Peabody industrial property.

JLL sourced a fixed-rate, non-recourse loan with Metro Credit Union for $20.36 million for 1 Second St. The acquisition price was $35.8 million, or nearly $228 per square foot, according to data compiled by The Warren Group, publisher of Banker & Tradesman.

The seller was Atlantic-Peabody/Woburn LLC of Framingham.

Originally completed in 1986, the 157,293-square-foot industrial building located on a 9.8-acre property is fully leased to Wakefield Moving Storage’s headquarters and engine parts manufacturer Paradigm Precision. The building includes 24-foot clear heights and 17 tailboard docks and is located within the 307-acre Centennial Park near the intersection of Interstates 95 and Routes 1 and 128.

The JLL Capital Markets team representing the borrower was led by Senior Managing Director Brett Paulsrud and Director Amy Lousararian.