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Stan Johnson Co. Facilitates $4.2M Sale Of Industrial Property In Sterling, MA

Property Image
SOLD
$4,200,000

Massachusetts

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Industrial60,000 SF
Sold 11/18/2021
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Property Image
SOLD

Stan Johnson Co. Facilitates $4.2M Sale Of Industrial Property In Sterling, MA

13 Chocksett Rd, Sterling, MA, USA

See Similar Deals
Industrial60,000 SF
Sold 11/18/2021
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Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$70
Total Square Footage:60,000 SF
Transaction Type:Sale

Located in Sterling, MA, the industrial property at 13 Chocksett Rd has recently been sold. The transaction took place on November 18, 2021, with a sale price of $4,200,000. This property spans approximately 4.8 acres and has a total area of 60,000 square feet. The price per square foot for the sale was $70, marking a significant investment in the industrial sector of the local market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $4,200,000
  • Market: Sterling, MA
  • Address: 13 Chocksett Rd
  • Size: 60,000 square feet
  • Price per Square Foot: $70

The sale of this industrial property was facilitated by Erik Lundberg from Stan Johnson Co., showcasing his expertise in the real estate market. This successful transaction highlights the demand for industrial assets in Sterling, MA, and the strategic decision made by both the buyer and the seller in this deal.

Players

Erik Lundberg
1 deal$4.2M volume
BROKER

Details

SOLD
IMAGE: Erik Lundberg DATE: 11/18/2021 ADDRESS: 13 Chocksett Rd MARKET: Sterling, MA ASSET TYPE: Industrial ~ ACRES: 4.8 BROKER: Erik Lundberg - Stan Johnson Co. SALE PRICE: $4,200,000 SF: 60,000 ~ PPSF: $70

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
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