Updated Jan 21, 2025
SOLDIndustrial
JDZ Realty, LLC Acquires Industrial Property At 100 Palmer Avenue From Westrock Container, LLC For $2.7M
100 Palmer Avenue
$2,700,000
$14/SF
Building Size
190,000 SF
Asset Type
Industrial
Closing
Jan 17, 2025
About this deal
AI
A 190,000-square-foot industrial building located at 100 Palmer Avenue in Springfield, MA was sold for $2,700,000. The property is part of the industrial asset type market, with a price per square foot of $14.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,700,000
- Address: 100 Palmer Avenue
- Market: Springfield, MA
- Square Footage: 190,000
- Price per Square Foot: $14
- Buyer: JDZ Realty, LLC
- Seller: Westrock Container, LLC
- Brokers: Bob Pagani & Christian Dietz - Colliers
Players
Springfield 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93