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215 Bedford Street

Alterra IOS Acquisitions Purchases Industrial Property From Johnny B. LLC For $4.3M
SOLDIndustrial

Alterra IOS Acquisitions Purchases Industrial Property From Johnny B. LLC For $4.3M

215 Bedford Street

$4,300,000

$184/SF

Building Size

23,255 SF

Asset Type

Industrial

Closing

Dec 30, 2024

AI

The property involved in this transaction is an industrial asset located at 215 Bedford Street in Whitman, MA. The sale was completed for a total transaction amount of $4,300,000, covering a total square footage of 23,255, which equates to a price per square foot of $184.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,300,000
  • Address: 215 Bedford Street
  • Market: Whitman, MA
  • Square Footage: 23,255
  • Price Per Square Foot: $184
  • Buyer: Alterra IOS Acquisitions
  • Seller: Johnny B. LLC
  • Brokers: Matty Drouillard & James Stubblebine - The Stubblebine Company

The transaction was facilitated by brokers Matty Drouillard and James Stubblebine, who are associated with The Stubblebine Company. Their involvement in this deal underscores the role of professional brokers in successfully navigating property transactions in the industrial sector.

Players

James Stubblebine

The Stubblebine Company

Broker

$246.4M

vol

36 deals

Broker

Whitman 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

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93