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
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