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1375 Main Street

128 CRE Acquires Industrial Property On Main Street In Millis, MA For $3.97M
SOLDIndustrial

128 CRE Acquires Industrial Property On Main Street In Millis, MA For $3.97M

1375 Main Street

$3,970,000

$85/SF

Building Size

46,248 SF

Asset Type

Industrial

Closing

Jan 13, 2023

AI

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].

Players

Alexander Koziakov

Compass

Broker

$21.5M

vol

7 deals

Broker

Millis Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.00%

Cash-on-Cash

-1.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93