Updated Oct 28, 2024
Gentle Giant Acquires Industrial Property In East Bridgewater, MA For $7.3M
40 Industrial Drive, East Bridgewater, Massachusetts 02333, United States
$7,300,000
$97/SF
Building Size
75,000 SF
Asset Type
Industrial
Closing
Oct 20, 2022
About this deal
AI
Located at 40 Industrial Drive in East Bridgewater, MA, this industrial property was recently sold in a closed transaction. Spanning 75,000 square feet, the property was purchased by Gentle Giant from seller W K DEV 2 LLC. The transaction was facilitated by James Stubblebine, David Stubblebine, and Chris Michniewicz of The Stubblebine Company /CORFAC International. The sale price for this industrial asset was $7,300,000, resulting in a price per square foot of $97.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,300,000
- Address: 40 Industrial Drive, East Bridgewater, MA
- Market: East Bridgewater, MA
- Buyer: Gentle Giant
- Seller: W K DEV 2 LLC
- Brokers: James Stubblebine, David Stubblebine, and Chris Michniewicz - The Stubblebine Company /CORFAC International
- Square Footage: 75,000
- Price per Square Foot: $97
The Stubblebine Company/CORFAC International played a crucial role in facilitating this transaction. James Stubblebine, David Stubblebine, and Chris Michniewicz represented both the buyer, Gentle Giant, and the seller, W K DEV 2 LLC. With their expertise and dedication, they successfully closed this deal, resulting in the sale of the industrial property at 40 Industrial Drive.
Players
East Bridgewater 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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93