Michael Hajjar And John Wallace Acquire Industrial Asset In Middleboro For $2.2M With Dean Santangelo As The Broker
SOLD
$2,200,000
Massachusetts
See Similar DealsIndustrial18,644 SF
Sold 11/19/2025
SOLD
Michael Hajjar And John Wallace Acquire Industrial Asset In Middleboro For $2.2M With Dean Santangelo As The Broker
355 Wareham Street
See Similar DealsIndustrial18,644 SF
Sold 11/19/2025
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$118
Total Square Footage:18,644 SF
Transaction Type:Sale
The property involved in this transaction is an industrial asset located at 355 Wareham Street, Middleboro, MA. It was sold for a transaction amount of $2,200,000, encompassing a total square footage of 18,644, which translates to a price per square foot of $118.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $2,200,000
- Square Footage: 18,644
- Price Per Square Foot: $118
- Buyer: Michael Hajjar & John Wallace
- Seller: Umberto Celiberti
- Broker: Dean Santangelo - Coldwell Banker
This transaction involved Michael Hajjar and John Wallace as the buyers, while Umberto Celiberti acted as the seller. The deal was facilitated by Dean Santangelo representing the brokerage firm Coldwell Banker.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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