GFI Partners Acquires Industrial Property In Shrewsbury, MA For $1.85M
SOLD
$1,850,000
Massachusetts
See Similar DealsIndustrial13,758 SF
Sold 03/01/2023
SOLD
GFI Partners Acquires Industrial Property In Shrewsbury, MA For $1.85M
295 Hartford Turnpike, Shrewsbury, Massachusetts 01545, USA
See Similar DealsIndustrial13,758 SF
Sold 03/01/2023
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$134
Total Square Footage:13,758 SF
Transaction Type:Sale
The industrial property located at 295 Hartford Turnpike in Shrewsbury, MA has been sold for a total price of $1,850,000. The property spans 13,758 square feet, resulting in a price per square foot of $134.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,850,000
- Square Footage: 13,758
- Price Per Square Foot: $134
- Address: 295 Hartford Turnpike, Shrewsbury, MA
- Market: Shrewsbury, MA
The buyer of the property is GFI Partners, while the seller is The Hartford Turnpike Realty Trust represented by Rachael DeSantis. The deal was brokered by Joe Laursen and Tom Bodden from Kelleher & Sadowsky.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,769.94
Annual Debt Service$105,239.33
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