Updated Oct 28, 2024
Berkeley Partners Acquires Norwood Industrial Property For $7.4M
244 Vanderbilt Avenue, Norwood, Massachusetts, USA
$7,400,000
$166/SF
Building Size
44,406 SF
Asset Type
Industrial
Closing
May 28, 2020
About this deal
AI
An industrial property located at 244 Vanderbilt Ave in Norwood, MA has been sold for a total price of $7,400,000. The property spans an area of 44,406 square feet, resulting in a price per square foot of $167. The transaction took place on 05/28/2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,400,000
- Address: 244 Vanderbilt Ave, Norwood, MA
- Market: Norwood, MA
The seller of the property was Arris Partners, LLC, while Berkeley Partners acted as the buyer. The deal was facilitated by the brokers Matthew Sherry and Michael Restivo from JLL Capital Markets.
On the Map
$7,400,000
$166/SF
Industrial
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Players
Norwood 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
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93