Updated Dec 20, 2023
Stan Johnson Co. Facilitates $4.2M Sale Of Industrial Property In Sterling, MA
13 Chocksett Rd, Sterling, MA, USA
$4,200,000
$70/SF
Building Size
60,000 SF
Asset Type
Industrial
Closing
Nov 18, 2021
About this deal
AI
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.
Sterling 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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93