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NAI Capital Brokers $2.9M Industrial Sale Of 39 Gilmore Drive In Sutton, MA
SOLD
$2,900,000
Massachusetts
See Similar DealsIndustrial16,448 SF
Sold 12/15/2023
SOLD
NAI Capital Brokers $2.9M Industrial Sale Of 39 Gilmore Drive In Sutton, MA
39 Gilmore Drive
See Similar DealsIndustrial16,448 SF
Sold 12/15/2023
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$176
Total Square Footage:16,448 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
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