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
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