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40 Industrial Drive, East B...

Updated Oct 28, 2024

Gentle Giant Acquires Industrial Property In East Bridgewater, MA For $7.3M
SOLDIndustrial

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:

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

David Stubblebine

The Stubblebine Company

Broker

$341.7M

vol

32 deals

Broker

East Bridgewater Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $97 per square foot on a published $7.3M for 75,000 square feet (2022).

Visit Chris Michniewicz to view all their deals.

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

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