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:
- Property Type: Industrial
- Transaction Amount: $6,025,000
- Buyer: Aloka Properties
- Seller: Allstate Glass
- Brokers: David Berman, Chris Michniewicz, James Stubblebine & David Stubblebine - The Stubblebine Company
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
Holbrook 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
2.63%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93