Wendy Holmes Sells Industrial Outdoor Storage In Shrewsbury For $6M With Brokers Keogh And Brissette
223 Hartford Turnpike
$6,000,000
$722/SF
Building Size
8,300 SF
Asset Type
Industrial
Closing
Apr 2, 2025
AI
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.
Players
Shrewsbury 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93