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Nick Slotje Acquires Industrial Asset From Scott Beebe In Hopkinton For $1.95M

Property Image
SOLD
$1,950,000

Massachusetts

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Industrial12,000 SF
Sold 06/28/2024
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Property Image
SOLD

Nick Slotje Acquires Industrial Asset From Scott Beebe In Hopkinton For $1.95M

192 South St

See Similar Deals
Industrial12,000 SF
Sold 06/28/2024
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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

Harrison Klein
47 deals$177.2M volume
BROKER

Michael Grant
Marcus & Millichap
2 deals$4M volume(617) 774-8410
BROKER


Details

SOLD
IMAGE: 06/28/2024 ADDRESS: 192 South St MARKET: Hopkinton ASSET TYPE: Industrial BROKERS: Michael Grant(), Harrison Klein(Marcus & Millichap) BUYER: Nick Slotje SELLER: Scott Beebe PRICE: $1,950,000.00 SF: 12000.0

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Deal Type
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