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Marcus & Millichap Sells Agawam Industrial Warehouse For $2.85M
SOLD
$2,850,000
Massachusetts
See Similar DealsIndustrial37,650 SF
Sold 10/10/2023
SOLD
Marcus & Millichap Sells Agawam Industrial Warehouse For $2.85M
277 Silver Street
See Similar DealsIndustrial37,650 SF
Sold 10/10/2023
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$75
Total Square Footage:37,650 SF
Transaction Type:Sale
Marcus & Millichap has announced the sale of an industrial warehouse located at 277 Silver St. in Agawam, Massachusetts. The property was sold for a total price of $2.85 million. The warehouse spans a total square footage of 37,650, resulting in a price per square foot of $76.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,850,000
- Square Footage: 37,650
- Price per Square Foot: $76
Eric Suffoletto and Tom Hovey from Atlantic Capital Partners represented the buyer in this transaction. They played a crucial role in facilitating the purchase of the industrial warehouse on behalf of their client. On the other side, Harrison Klein, the representative from Marcus & Millichap, acted as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$151,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,125.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,510.45
Annual Debt Service$162,125.45
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