Temescal Wellness Acquires Industrial Property In North Adams, MA For $3.1M
1466 Curran Highway, North Adams, MA 01247, USA
$3,100,000
$44/SF
Building Size
70,000 SF
Asset Type
Industrial
Closing
Jul 9, 2020
AI
A 70,000 square foot industrial property located at 1466 Curran Memorial Highway in North Adams, MA has been sold for a price of $3,100,000. The property sits on 9.65 acres of land with a price per acre of $321,243 and a price per square foot of $44. The transaction took place on July 9, 2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,100,000
- Address: 1466 Curran Memorial Highway, North Adams, MA
- Market: North Adams, MA
- Buyer: Temescal Wellness - Ted Rebholz
- Seller's Representative: Cushman & Wakefield and Bishop West Real Estate
- Buyer's Representative: Michael Harrington - Harrington & Co
- Square Footage: 70,000
- Acres: 9.65
The buyer, Temescal Wellness, was represented by Ted Rebholz, while the seller was represented by Cushman & Wakefield and Bishop West Real Estate. Additionally, Michael Harrington from Harrington & Co acted as the buyer's representative in the deal.
North Adams 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93