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Harold Brothers Realty LLC Acquires Industrial Building In Weymouth MA From Avventura Realty LLC For $3.3M

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SOLD
$3,300,000

Massachusetts

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Industrial16,500 SF
Sold 12/20/2024
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SOLD

Harold Brothers Realty LLC Acquires Industrial Building In Weymouth MA From Avventura Realty LLC For $3.3M

144 Moore Road

See Similar Deals
Industrial16,500 SF
Sold 12/20/2024
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Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$200
Total Square Footage:16,500 SF
Transaction Type:Sale

The industrial property located at 144 Moore Road in Weymouth, MA, encompasses an area of 16,500 square feet. The transaction involved the sale of the building for $3.3 million, translating to a price per square foot of $200. This property includes an air-conditioned office/warehouse facility, equipped with five dock doors and two drive-in doors.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,300,000
  • Buyer's Name: Harold Brothers Realty, LLC
  • Seller's Name: Avventura Realty, LLC
  • Buyer's Representative: Rick Schuhwerk - Newmark
  • Seller's Representative: James McEvoy - Conrad Group
  • Square Footage: 16,500
  • Price per Square Foot: $200

Rick Schuhwerk, representing Harold Brothers Realty, LLC, and James McEvoy, representing Avventura Realty, LLC, facilitated the transaction. The deal highlights the engagement of both firms in the industrial real estate market within the Weymouth area.

Players

13 deals$62.7M volume
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1 deal$3.3M volume
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Details

SOLD
IMAGE: Rick Schuhwerk & James McEvoy DATE: 12/20/2024 ADDRESS: 144 Moore Road MARKET: Weymouth, MA ASSET TYPE: Industrial BUYER: Harold Brothers Realty, LLC SELLER: Avventura Realty, LLC BUYER'S REP: Rick Schuhwerk - Newmark (@Newmark) SELLER'S REP: James McEvoy - Conrad Group SALE PRICE: $3,300,000 SF: 16,500 ~ PPSF: $200 NOTE: Avventura Realty, LLC sold its 16,500 sq. ft. industrial building at 144 Moore Rd. to Harold Brothers Realty, LLC for $3.3 million. The property features an air-conditioned office/warehouse facility with five dock doors and two drive-in doors.

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

$175,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20