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171 Washington Street

InterAuto Corp Acquires Industrial Asset In Plainville, MA For $2M
SOLDIndustrial

InterAuto Corp Acquires Industrial Asset In Plainville, MA For $2M

171 Washington Street

$2,000,000

$416/SF

Building Size

4,800 SF

Asset Type

Industrial

Closing

May 29, 2024

AI

The industrial property located at 171 Washington Street in Plainville, MA, was sold for $2,000,000. Spanning 4,800 square feet, the property was sold at a price per square foot of $417. The sale was facilitated by Matty Drouillard and James Stubblebine from The Stubblebine Company representing the buyer, InterAuto Corp, with Daniel J. Waldman from Waldman & Associates acting as the seller's representative.

Summary of transaction details:

Matty Drouillard and James Stubblebine from The Stubblebine Company collaborated in representing the buyer, InterAuto Corp, in the property transaction at 171 Washington Street. On the other hand, Daniel J. Waldman of Waldman & Associates provided representation for the seller in this successful deal.

Players

James Stubblebine

The Stubblebine Company

Broker

$246.4M

vol

36 deals

Broker

Plainville 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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93