Updated Feb 20, 2025
Alterra IOS Acquisitions Purchases Industrial Property From For $4.3M
215 Bedford Street
$4,300,000
$184/SF
Building Size
23,255 SF
Asset Type
Industrial
Closing
Dec 30, 2024
About this deal
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:
- 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
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