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Horvath & Tremblay Brokers Sale Of 93,270 Square Foot Industrial Property In Palmer For $3.81M
SOLD
Massachusetts
See Similar DealsIndustrial
Sold 09/05/2025
SOLD
Horvath & Tremblay Brokers Sale Of 93,270 Square Foot Industrial Property In Palmer For $3.81M
1127 South Main Street
See Similar DealsIndustrial
Sold 09/05/2025
Summary
MASSACHUSETTS
Asset Type:Industrial
Transaction Type:Sale
The property asset involved in the transaction is the Bell/Simons Co. facility located at 1127 South Main Street in Palmer, MA. The sale was completed for $3,811,462. The facility encompasses 93,270 square feet and is situated on 5.31 acres of land.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,811,462
- Square Footage: 93,270
- Address: 1127 South Main Street
- Market: Palmer, MA
- PPSF: $41
- Lease Type: Modified net lease
- Remaining Lease Period: Two years
The brokers involved in the transaction were Robert Horvath, Todd Tremblay, and Brad Canova from Horvath & Tremblay. They facilitated the sale of the property with Bell/Simons continuing occupancy under a modified net lease agreement.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$203,277.97
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,541.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,068.27
Annual Debt Service$216,819.29
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