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108 Bodwell Street

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

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

David Stubblebine

The Stubblebine Company

Broker

$313.6M

vol

31 deals

Broker
EI
ERD Metal IncSeller

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