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The Marion Group LLC Acquires Warehouse In Walpole, MA For $1.975M

Property Image
SOLD
$1,975,000
Bryan Glennon
MK

Massachusetts

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Industrial19,312 SF
Sold 03/04/2022
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Property Image
SOLD

The Marion Group LLC Acquires Warehouse In Walpole, MA For $1.975M

40 Renmar Avenue, Walpole, Massachusetts 02081, United States

See Similar Deals
Industrial19,312 SF
Sold 03/04/2022
Bryan Glennon
MK
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$102
Total Square Footage:19,312 SF
Transaction Type:Sale

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

Bryan Glennon
Bryan Glennon
3 deals$3.4M volume(781) 551-8888
BROKER
MK
Mark Kearins
3 deals$5.1M volume(774) 581-0081
BROKER

Details

SOLD
IMAGE: Bryan Glennon DATE: 03/04/2022 ADDRESS: 36-40 Renmar Ave MARKET: Walpole, MA ASSET TYPE: Warehouse ~ ACRES: 1.28 BUYER: The Marion Group LLC BROKERS: Bryan Glennon & Mark Kearins - Atlantic Commercial Real Estate, LLC SALE PRICE: $1,975,000 SF: 19,312 ~ PPSF: $102

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$105,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,016.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,362.51
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