Nick Slotje Acquires Industrial Asset From Scott Beebe In Hopkinton For $1.95M
SOLD
Massachusetts
See Similar DealsIndustrial12,000 SF
Sold 06/28/2024
SOLD
Nick Slotje Acquires Industrial Asset From Scott Beebe In Hopkinton For $1.95M
192 South St
See Similar DealsIndustrial12,000 SF
Sold 06/28/2024
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$162
Total Square Footage:12,000 SF
Lot Square Footage:66647 SF
Transaction Type:Sale
The property asset involved in this transaction is an industrial facility located at 192 South St in the market of Hopkinton. The sale occurred for a total price of $1,950,000.00, encompassing a total square footage of 12,000.0.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,950,000.00
- Address: 192 South St
- Market: Hopkinton
- Square Footage: 12,000.0
- Buyer: Nick Slotje
- Seller: Scott Beebe
- Broker: Michael Grant
- Broker: Harrison Klein, Marcus & Millichap
- Date of Sale: 06/28/2024
This transaction highlights the roles of key individuals involved in the deal, with Nick Slotje as the buyer and Scott Beebe as the seller. The deal was managed by brokers Michael Grant and Harrison Klein, representing their respective firms in the transaction.
Players
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$103,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94
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