Marcus & Millichap Sells Agawam Industrial Warehouse For $2.85M
277 Silver Street
$2,850,000
$75/SF
Building Size
37,650 SF
Asset Type
Industrial
Closing
Oct 10, 2023
AI
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.
Players
Agawam 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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93