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215 Plain St North Attlebor...

Marcus & Millichap Sells 48K SF Industrial Property In North Attleborough, MA For $7.05M
SOLDIndustrial

Marcus & Millichap Sells 48K SF Industrial Property In North Attleborough, MA For $7.05M

215 Plain St North Attleborough, MA 02760, USA

$7,050,000

$146/SF

Building Size

48,000 SF

Asset Type

Industrial

Closing

May 25, 2023

AI

Marcus & Millichap has announced the sale of a small bay industrial property located at 215 Plain St. in North Attleborough, Massachusetts. The 48,000-square-foot asset was sold for $7,050,000, reflecting a price per square foot of $147. This transaction demonstrates a growing interest from sophisticated investors in small industrial facilities due to strong tenant demand and limited new supply.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $7,050,000
  • Square Footage: 48,000
  • Price per Square Foot: $147
  • Address: 215 Plain Street, North Attleborough, MA
  • Market: North Attleborough, MA

The sale of the industrial property at 215 Plain St. in North Attleborough was facilitated by Harrison Klein and James Manning of Marcus & Millichap. As representatives of the buyer and seller, they successfully closed the deal, highlighting their expertise in the industrial property market.

Players

Harrison Klein

Marcus & Millichap

Broker

$177.2M

vol

47 deals

Broker

North Attleborough 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

2.25%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93