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CJ Shaughnessy Crane Service Acquires 51,000 SF Industrial Building In Avon, MA For $11.25M

Property Image
SOLD
$11,250,000
Chris Michniewicz
James Stubblebine
+ 2

Massachusetts

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Industrial51,000 SF
Sold 09/26/2023
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Property Image
SOLD

CJ Shaughnessy Crane Service Acquires 51,000 SF Industrial Building In Avon, MA For $11.25M

108 Bodwell Street

See Similar Deals
Industrial51,000 SF
Sold 09/26/2023
Chris Michniewicz
James Stubblebine
+ 2
Contact now

Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$220
Total Square Footage:51,000 SF
Transaction Type:Sale

SALE: CJ Shaughnessy Crane Service, represented by Tommy Landry of Eastern Retail, has purchased the 51,000-square-foot industrial building located at 108 Bodwell Street in Avon, MA from ERD Metal, Inc. The transaction was facilitated by Chris Michniewicz, David Berman, David Stubblebine, and James Stubblebine of The Stubblebine Company. The sale price for the property was $11.25 million, resulting in a price per square foot of $221.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $11,250,000
  • Address: 108 Bodwell Street, Avon, MA
  • Market: Avon, MA

This acquisition by CJ Shaughnessy Crane Service further solidifies their presence in the industrial sector. The company's expansion strategy is evident through the purchase of this spacious property, which offers 51,000 square feet of space for their operations. The deal was successfully negotiated by Tommy Landry of Eastern Retail on behalf of the buyer, while The Stubblebine Company represented the seller, ERD Metal, Inc.

Players

David Stubblebine
31 deals$313.6M volume
BROKER

James Stubblebine
The Stubblebine Company
36 deals$246.4M volume
BROKER

Chris Michniewicz
The Stubblebine Company
8 deals$60.1M volume
BROKER

David Berman
The Stubblebine Company
8 deals$75.1M volume
BROKER

Thomas (Tommy) Landry
Eastern Retail Properties
2 deals$29.8M volume(781) 849-9015
BROKER

SELLER

Details

SOLD
IMAGE: James Stubblebine, David Berman, David Stubblebine, Chris Shaughnessy, Chris Michniewicz & Tommy Landry DATE: 09/26/2023 ADDRESS: 108 Bodwell Street MARKET: Avon, MA ASSET TYPE: Industrial BUYER: CJ Shaughnessy Crane Service - Chris Shaughnessy (@CShaughnessy1) SELLER: ERD Metal, Inc (@ErdMetal) BUYER'S REP: Tommy Landry - Eastern Retail (@EasternRetail) SELLER'S REP: Chris Michniewicz, David Berman, David Stubblebine & James Stubblebine (@James.Stubblebine) - The Stubblebine Company (@StubblebineCompanyCRE) SALE PRICE: $11,250,000 SF: 51,000 ~ PPSF: $221 NOTE: CJ Shaughnessy Crane Service has acquired the 51,000-square-foot industrial building at 108 Bodwell Street in Massachusetts for $11.25 million.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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