Wendy Holmes Sells Industrial Outdoor Storage In Shrewsbury For $6M With Brokers Keogh And Brissette
SOLD
Massachusetts
See Similar DealsIndustrial8,300 SF
Sold 04/02/2025
SOLD
Wendy Holmes Sells Industrial Outdoor Storage In Shrewsbury For $6M With Brokers Keogh And Brissette
223 Hartford Turnpike
See Similar DealsIndustrial8,300 SF
Sold 04/02/2025
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$722
Total Square Footage:8,300 SF
Transaction Type:Sale
The property involved in this transaction is an Industrial Outdoor Storage (IOS) site located at 223 Hartford Turnpike, Shrewsbury, MA. The asset sold for $6,000,000, featuring an 8,300-square-foot industrial building situated on an 8.7-acre lot.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $6,000,000
- Address: 223 Hartford Turnpike
- Market: Shrewsbury, MA
- Square Footage: 8,300
- Price Per Square Foot: $722
- Seller: Wendy Holmes
- Broker Representation: James Keogh & Alexis Brissette - NAI Glickman Kovago & Jacobs
James Keogh and Alexis Brissette of NAI Glickman Kovago & Jacobs represented the seller, Wendy Holmes, in this transaction. Their involvement highlights the ongoing interest in Industrial Outdoor Storage assets across Massachusetts.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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