facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Industrial

/

Sale

/

39 Gilmore Drive

NAI Capital Brokers $2.9M Industrial Sale Of 39 Gilmore Drive In Sutton, MA
SOLDIndustrial

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

James Glickman

NAI Global

Broker

$51.4M

vol

9 deals

Broker

Sutton Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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