Platt Builders Inc Acquires Industrial Property In Ayer, MA For $3.3M
SOLD
$3,300,000
Massachusetts
See Similar DealsIndustrial26,134 SF
Sold 10/21/2022
SOLD
Platt Builders Inc Acquires Industrial Property In Ayer, MA For $3.3M
109 Central Avenue, Ayer, Massachusetts 01432, United States
See Similar DealsIndustrial26,134 SF
Sold 10/21/2022
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$126
Total Square Footage:26,134 SF
Transaction Type:Sale
The industrial property located at 109 Central Avenue in Ayer, MA has been sold. The property encompasses a total area of 26,134 square feet. The transaction took place on October 21, 2022, with a sale price of $3,300,000, resulting in a price per square foot of $126. The buyer, Platt Builders Inc, acquired the property from the seller, Ayer Moving & Storage.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,300,000
- Square Footage: 26,134
- Price per Square Foot: $126
- Address: 109 Central Avenue, Ayer, MA
- Market: Ayer, MA
The deal was facilitated by James Stubblebine and Micah Stubblebine of The Stubblebine Company / CORFAC International, who served as the brokers for both the buyer and the seller. Their expertise and services played a crucial role in finalizing the transaction. The involvement of these representatives ensured a smooth and successful sale of the industrial property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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