GFI Partners Acquires Industrial Property In Shrewsbury, MA For $1.85M
295 Hartford Turnpike, Shrewsbury, Massachusetts 01545, USA
$1,850,000
$134/SF
Building Size
13,758 SF
Asset Type
Industrial
Closing
Mar 1, 2023
AI
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
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93