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145 Union Street

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

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

145 Union Street

$6,025,000

$123/SF

Building Size

48,625 SF

Asset Type

Industrial

Closing

Jan 15, 2025

AI

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

The Stubblebine Company

Broker

$313.6M

vol

31 deals

Broker

Holbrook Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.63%

Cash-on-Cash

-0.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93