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100 Riverlin Street

Sturbridge Supplies Acquires Industrial Property In Millbury, MA For $3.5M
SOLDIndustrial

Sturbridge Supplies Acquires Industrial Property In Millbury, MA For $3.5M

100 Riverlin Street

$3,500,000

$64/SF

Building Size

54,000 SF

Asset Type

Industrial

Closing

Feb 2, 2024

AI

The property located at 100 Riverlin Street in Millbury, MA has been sold in a recent transaction. The industrial asset spans over 19 acres of land, offering ample space for various commercial activities.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $3,500,000
  • Square Footage: 54,000
  • Price per Square Foot: $65
  • Address: 100 Riverlin Street, Millbury, MA
  • Market: Millbury, MA

The buyer of the property was John Woo, who represents Sturbridge Supplies. On the other hand, GreatNeck acted as the seller. The transaction was facilitated by Cody Miner and Nolan Ryan from NAI Capital who served as brokers in the deal.

It is worth noting that NAI Glickman Kovago & Jacobs played a crucial role in the $3.5 million sale of 100 Riverlin St. Principal James Glickman, along with Vice Presidents Cody Miner and Nolan Ryan, represented both the seller, GreatNeck, and the buyer, Sturbridge Supplies.

Players

Nolan Ryan

Fieldstone Commercial Properties

Broker

$24.1M

vol

6 deals

Broker

Millbury 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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93