Berkeley Partners Acquires Norwood Industrial Property For $7.4M
SOLD
$7,400,000
Massachusetts
See Similar DealsIndustrial44,406 SF
Sold 05/28/2020
SOLD
Berkeley Partners Acquires Norwood Industrial Property For $7.4M
244 Vanderbilt Avenue, Norwood, Massachusetts, USA
See Similar DealsIndustrial44,406 SF
Sold 05/28/2020
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$166
Total Square Footage:44,406 SF
Transaction Type:Sale
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.
Players
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$394,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,290.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,079.78
Annual Debt Service$420,957.30
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