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Aloka Properties Acquires Industrial Asset In Holbrook MA From Allstate Glass For $6.025M

Property Image
SOLD
$6,025,000
Chris Michniewicz
James Stubblebine
+ 1

Massachusetts

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Industrial48,625 SF
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Property Image
SOLD

Aloka Properties Acquires Industrial Asset In Holbrook MA From Allstate Glass For $6.025M

145 Union Street

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Industrial48,625 SF
Sold
Chris Michniewicz
James Stubblebine
+ 1
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Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$123
Total Square Footage:48625 SF
Transaction Type:Sale

The asset involved in this transaction is an industrial property located at 145 Union Street in Holbrook, MA. The property sold for $6,025,000 and has a total area of 48,625 square feet, resulting in a price per square foot of $123.

Summary of transaction details:

The transaction involved key individuals from The Stubblebine Company, who represented both sides in the deal. David Berman, Chris Michniewicz, James Stubblebine, and David Stubblebine played a crucial role in facilitating this transaction.

Players

David Stubblebine
31 deals$313.6M volume
BROKER

James Stubblebine
The Stubblebine Company
36 deals$246.4M volume
BROKER

Chris Michniewicz
The Stubblebine Company
8 deals$60.1M volume
BROKER

David Berman
The Stubblebine Company
8 deals$75.1M volume
BROKER

Details

SOLD
IMAGE: David Berman, Chris Michniewicz, David Stubblebine & James Stubblebine DATE: 01/15/2025 ADDRESS: 145 Union Street MARKET: Holbrook, MA ASSET TYPE: Industrial BUYER: Aloka Properties SELLER: Allstate Glass BROKERS: David Berman, Chris Michniewicz, James Stubblebine & David Stubblebine - The Stubblebine Company (@StubblebineCompanyCRE) SALE PRICE: $6,025,000 SF: 48,625 ~ PPSF: $123

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

$321,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,405.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,561.57
Annual Debt Service$342,738.89