CJ Shaughnessy Crane Service Acquires 51,000 SF Industrial Building In Avon, MA For $11.25M
108 Bodwell Street
$11,250,000
$220/SF
Building Size
51,000 SF
Asset Type
Industrial
Closing
Sep 26, 2023
AI
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
Avon 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
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93