Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: $2,000,000
- Address: 171 Washington Street
- Market: Plainville, MA
- Square Footage: 4,800
- Price per Square Foot: $417
- Buyer: InterAuto Corp
- Seller's Representative: Daniel J. Waldman - Waldman & Associates
- Brokers: Matty Drouillard & James Stubblebine - The Stubblebine Company
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.
On the Map
$2,000,000
$416/SF
Industrial
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Players
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