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40 Industrial Drive, East B...

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

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

$313.6M

vol

31 deals

Broker

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