Updated Oct 28, 2024
Platt Builders Inc Acquires Industrial Property In Ayer, MA For $3.3M
109 Central Avenue, Ayer, Massachusetts 01432, United States
$3,300,000
$126/SF
Building Size
26,134 SF
Asset Type
Industrial
Closing
Oct 20, 2022
About this deal
AI
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.
Players
Ayer 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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93