Drake Melvin Purchases Industrial Asset At 1735 Central Street Stoughton For $2,539,000
1735 Central Street
$2,539,000
$133/SF
Building Size
19,000 SF
Asset Type
Industrial
Closing
May 15, 2026
AI
The property asset involved in this transaction is an industrial facility located at 1735 Central Street in Stoughton, MA. The sale was completed for a price of $2,539,000. The total square footage of the asset measures 19,000 square feet, leading to a price per square foot of $133.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,539,000
- Address: 1735 Central Street
- Market: Stoughton, MA
- Square Footage: 19,000
- Price per Square Foot: $133
- Buyer: Drake Melvin
- Seller: Jim Horowitz
- Brokers: Brendan Conway - Horvath & Tremblay, Miguel Encarnacion - Ellis Realty Advisors
Key individuals involved in the transaction include seller Jim Horowitz and buyer Drake Melvin, with brokerage representation provided by Brendan Conway from Horvath & Tremblay and Miguel Encarnacion from Ellis Realty Advisors.
Players
Stoughton 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
6.25%
Cash-on-Cash
-1.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93