Alterra IOS Acquisitions Purchases Industrial Property From Johnny B. LLC For $4.3M
SOLD
$4,300,000
Massachusetts
See Similar DealsIndustrial23,255 SF
Sold
SOLD
Alterra IOS Acquisitions Purchases Industrial Property From Johnny B. LLC For $4.3M
215 Bedford Street
See Similar DealsIndustrial23,255 SF
Sold
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$184
Total Square Footage:23,255 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33
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