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295 Hartford Turnpike, Shre...

GFI Partners Acquires Industrial Property In Shrewsbury, MA For $1.85M
SOLDIndustrial

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

Joe Laursen

Kelleher & Sadowsky

Broker

$5.4M

vol

2 deals

Broker
GFI Capital
GFI CapitalBuyer

Market 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

8.57%

Cash-on-Cash

-2.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93