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277 Silver Street

Marcus & Millichap Sells Agawam Industrial Warehouse For $2.85M
SOLDIndustrial

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

Harrison Klein

Marcus & Millichap

Broker

$177.2M

vol

47 deals

Broker

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