Dynavac Corp Acquires Industrial Property In Rockland, MA For $2.4M With Brokers James McEvoy & Robert Conrad
SOLD
$2,400,000
Massachusetts
See Similar DealsIndustrial37,780 SF
Sold 02/04/2022
SOLD
Dynavac Corp Acquires Industrial Property In Rockland, MA For $2.4M With Brokers James McEvoy & Robert Conrad
30 Airport Park Drive, Rockland, Massachusetts 02370, United States
See Similar DealsIndustrial37,780 SF
Sold 02/04/2022
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$63
Total Square Footage:37,780 SF
Transaction Type:Sale
The industrial property located at 30 Airport Park Drive in Rockland, MA has been sold. The property spans across 2.2 acres and has a total square footage of 37,780. The transaction took place on 02/04/2022.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $2,400,000
- Address: 30 Airport Park Drive, Rockland, MA
- Market: Rockland, MA
- Buyer: Dynavac Corp
- Seller: Anderson Four Realty Trust
- Brokers: James McEvoy & Robert Conrad - The Conrad Group
- Square Footage: 37,780
- Price per Square Foot: $64
James McEvoy & Robert Conrad from The Conrad Group represented the buyer and seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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