Marcus & Millichap Boston Brokers Sell Industrial Property In Sterling, MA For $1.5M
2 Spratt Technology Drive, Sterling, MA 01564
$1,500,000
$83/SF
Building Size
18,000 SF
Asset Type
Industrial
Closing
Jul 15, 2020
AI
An industrial property located at 2 Spratt Technology Drive in Sterling, MA has been sold for $1,500,000. The property spans 18,000 square feet, resulting in a price per square foot of $83. The transaction took place on July 15, 2021, with Harrison Klein and Mark Lyman of Marcus & Millichap Boston representing the parties involved.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,500,000
- Address: 2 Spratt Technology Drive, Sterling, MA
- Market: Sterling, MA
- SF: 18,000
- PPSF: $83
Harrison Klein and Mark Lyman, both from Marcus & Millichap Boston, played a vital role in facilitating this deal.
Players
Sterling 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93