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Building Envelope Systems Acquires Mixed-Use Property In Norton, MA For $3.2M

Property Image
SOLD
$3,235,000
Jeremy Freid
Adam Meixner
+ 2

Maryland

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Mixed-use32,276 SF
Sold 10/18/2023
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Property Image
SOLD

Building Envelope Systems Acquires Mixed-Use Property In Norton, MA For $3.2M

41 Pleasant Street

See Similar Deals
Mixed-use32,276 SF
Sold 10/18/2023
Jeremy Freid
Adam Meixner
+ 2
Contact now

Summary

MARYLAND
Asset Type:Mixed-use
Price Per Square Foot:$100
Total Square Footage:32,276 SF
Transaction Type:Sale

Building Envelope Systems has acquired a mixed-use property located at 41 Pleasant Street in Norton, MA. The property spans a total square footage of 32,276 and was sold for a price of $3,235,000, resulting in a price per square foot of $100. The transaction took place on October 18, 2023.

Summary of transaction details

The buyer, Building Envelope Systems, successfully acquired the property from B & J Realty Group, represented by Brian Lee. The transaction was facilitated by brokers David Linehan, Adam Meixner, Jeremy Freid, Meghan Huebner, and Tyler Capecci from 128 CRE.

Players

Adam Meixner
19 deals$150M volume(617) 304-6611
BROKER

Jeremy Freid
128 CRE
19 deals$150M volume(617) 959-1319
BROKER

Tyler Capecci
128 CRE
19 deals$150M volume(781) 640-5858
BROKER

Meghan Huebner
128 CRE
12 deals$68.1M volume(617) 916-1028
BROKER

David Linehan
128 CRE
8 deals$49.2M volume(781) 267-8700
BROKER

Details

SOLD
IMAGE: David Linehan, Tyler Capecci, Jeremy Freid, Meghan Huebner & Adam Meixner DATE: 10/18/2023 ADDRESS: 41 Pleasant Street MARKET: Norton, MA ASSET TYPE: Mixed-use BUYER: Building Envelope Systems SELLER: B & J Realty Group - Brian Lee BROKERS: David Linehan, Adam Meixner (@AdamMeixner), Jeremy Freid (@JeremyAFreid), Meghan Huebner (@TheWanderingRabbit) & Tyler Capecci (@TCapech) - 128 CRE (@128CRE) SALE PRICE: $3,235,000 SF: 32,276 ~ PPSF: $100 -use

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$172,533.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,493.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,335.55
Annual Debt Service$184,026.61