NAI Capital Brokers $2.9M Industrial Sale Of 39 Gilmore Drive In Sutton, MA
39 Gilmore Drive
$2,900,000
$176/SF
Building Size
16,448 SF
Asset Type
Industrial
Closing
Dec 15, 2023
AI
NAI Glickman Kovago & Jacobs has successfully brokered the sale of an industrial property located at 39 Gilmore Drive in Sutton, MA. The property, with a total area of 16,448 square feet, was sold for a price of $2,900,000, resulting in a price per square foot of $176. The transaction took place on December 15, 2023.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,900,000
- Address: 39 Gilmore Drive, Sutton, MA
- Market: Sutton, MA
The buyer, identified as 39 Gilmore TM LLC, acquired the property from the seller, Ross Real Estate LLC. The sale was facilitated by the brokers Cody Miner, James Glickman, and Nolan Ryan from NAI Capital.
Please note that NAI Glickman Kovago & Jacobs was responsible for the successful sale of 39 Gilmore Drive for $2.9 million, working with Ross Real Estate LLC as the seller and representing the buyer, 39 Gilmore TM LLC.
Players
Sutton 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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93