The Marion Group LLC Acquires Warehouse In Walpole, MA For $1.975M
40 Renmar Avenue, Walpole, Massachusetts 02081, United States
$1,975,000
$102/SF
Building Size
19,312 SF
Asset Type
Industrial
Closing
Mar 3, 2022
AI
The Marion Group LLC has purchased a warehouse property located at 36-40 Renmar Ave in Walpole, MA. The property spans across 1.28 acres and offers a total area of 19,312 square feet. The transaction was facilitated by brokers Bryan Glennon and Mark Kearins of Atlantic Commercial Real Estate, LLC. The sale price for this transaction amounted to $1,975,000, resulting in a price per square foot of $102.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $1,975,000
- Address: 36-40 Renmar Ave, Walpole, MA
- Market: Walpole, MA
- Acres: 1.28
This transaction showcases the successful collaboration between The Marion Group LLC as the buyer and Bryan Glennon and Mark Kearins of Atlantic Commercial Real Estate, LLC as the brokers involved. The purchase of the warehouse property highlights the strong demand and investment potential in the Walpole, MA market.
Players
Walpole 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
8.03%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93