The Conrad Group, Inc Secures $2.6M Industrial Sale In Chicopee, MA
SOLD
$2,600,000
Massachusetts
See Similar DealsIndustrial39,600 SF
Sold 04/01/2022
SOLD
The Conrad Group, Inc Secures $2.6M Industrial Sale In Chicopee, MA
1125 Sheridan Street, Chicopee, Massachusetts 01022, United States
See Similar DealsIndustrial39,600 SF
Sold 04/01/2022
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$65
Total Square Footage:39,600 SF
Transaction Type:Sale
The industrial property located at 1125 Sheridan St in Chicopee, MA has been sold. The property spans an area of 3.44 acres. The sale was facilitated by James McEvoy and Robert Conrad from The Conrad Group, Inc.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $2,600,000
- Square Footage: 39,600
- Price per Square Foot: $66
- Address: 1125 Sheridan St, Chicopee, MA
- Market: Chicopee, MA
The sale price for the property was $2,600,000. Spanning a total area of 39,600 square feet, the property was sold at a price per square foot of $66.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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