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10 A Street, Auburn, Massac...

POBCO Plastics Acquires Industrial Property In Auburn, MA For $2M
SOLDIndustrial

POBCO Plastics Acquires Industrial Property In Auburn, MA For $2M

10 A Street, Auburn, Massachusetts, USA

$2,000,000

$104/SF

Building Size

19,200 SF

Asset Type

Industrial

Closing

Oct 13, 2021

AI

Located at 10 A Street in Auburn, MA, this industrial property was recently sold in a transaction facilitated by David Skinner of Stubblebine Company/CORFAC International, representing the buyer, POBCO Plastics, and David Cohen of Kelleher & Sadowsky, representing the seller, Webster Five Cents Savings Bank.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $2,000,000
  • Address: 10 A Street, Auburn, MA
  • Market: Auburn, MA
  • Buyer: POBCO Plastics
  • Seller: Webster Five Cents Savings Bank
  • Buyer's Rep: David Skinner - Stubblebine Company/CORFAC International
  • Seller's Rep: David Cohen - Kelleher & Sadowsky
  • SF: 19,200
  • PPSF: $104

This successful sale of the industrial property highlights the expertise of David Skinner, representing POBCO Plastics, and David Cohen, representing Webster Five Cents Savings Bank. With a total area of 19,200 square feet and a price per square foot of $104, this transaction signifies a significant investment in the Auburn, MA market.

Players

David Cohen

Meridian Capital Group

Broker

$275.1M

vol

8 deals

Broker

Auburn 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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93