Aloka Properties Acquires Industrial Asset In Holbrook MA From Allstate Glass For $6.025M
SOLD
Massachusetts
See Similar DealsIndustrial48,625 SF
Sold
SOLD
Aloka Properties Acquires Industrial Asset In Holbrook MA From Allstate Glass For $6.025M
145 Union Street
See Similar DealsIndustrial48,625 SF
Sold
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:
- 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.
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Deal Type
30 years
10 years
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
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