Marcus & Millichap Boston Brokers Sell Industrial Property In Sterling, MA For $1.5M
SOLD
$1,500,000
Massachusetts
See Similar DealsIndustrial18,000 SF
Sold 07/15/2020
SOLD
Marcus & Millichap Boston Brokers Sell Industrial Property In Sterling, MA For $1.5M
2 Spratt Technology Drive, Sterling, MA 01564
See Similar DealsIndustrial18,000 SF
Sold 07/15/2020
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$83
Total Square Footage:18,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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