128 CRE Acquires Industrial Property On Main Street In Millis, MA For $3.97M
SOLD
$3,970,000
Massachusetts
See Similar DealsIndustrial46,248 SF
Sold
SOLD
128 CRE Acquires Industrial Property On Main Street In Millis, MA For $3.97M
1375 Main Street
See Similar DealsIndustrial46,248 SF
Sold
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$85
Total Square Footage:46248 SF
Transaction Type:Sale
A 46,248 square foot industrial property located at 1375 Main Street in Millis, MA has been sold for $3,970,000. The sale price reflects a price per square foot of $86.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,970,000
- Square Footage: 46,248
- Address: 1375 Main Street, Millis, MA
The buyer's representative in this transaction was David Linehan from 128 CRE, while the seller's representative was Alexander Koziakov from Compass.
It is worth noting that owner financing was arranged for this deal. For any inquiries about upcoming deals, interested parties can contact Alexander Koziakov at 617-755-4484 or via email at [email protected].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$211,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,104.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,819.83
Annual Debt Service$225,837.90
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