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44-48 Garden Street, Everet...

Oliver Street Capital Acquires Industrial Property In Everett, MA For $15M
SOLDIndustrial

Oliver Street Capital Acquires Industrial Property In Everett, MA For $15M

44-48 Garden Street, Everett, MA, USA

$15,000,000

$132/SF

Building Size

113,000 SF

Asset Type

Industrial

Closing

Oct 28, 2020

AI

The industrial property located at 44-48 Garden Street in Everett, MA has been sold for a price of $15,000,000. The transaction took place on October 29, 2020. The property spans across 113,000 square feet, resulting in a price per square foot of $133. The seller of the property was 129 Sherman Street, while the buyers were Jon Hyde, Jon O’Donnell, and Michael Coskren of Oliver Street Capital. Perishable Management Services acted as the broker in the deal.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $15,000,000
  • Address: 44-48 Garden Street, Everett, MA
  • Market: Everett, MA
  • Buyer: Jon Hyde, Jon O’Donnell, & Michael Coskren – Oliver Street Capital
  • Seller: 129 Sherman Street
  • Broker: Perishable Management Services
  • Square Footage: 113,000
  • Price Per Square Foot: $133

The sale of this industrial property in Everett, MA was facilitated by Perishable Management Services acting as the broker. The buyers, Jon Hyde, Jon O’Donnell, and Michael Coskren, represented Oliver Street Capital in this transaction. The industrial property, located at 44-48 Garden Street, spans across 113,000 square feet. The sale price of $15,000,000 resulted in a price per square foot of $133.

Players

Jon O'Donnell

Oliver Street Capital

Buyer

$79.3M

vol

4 deals

Buyer

Everett 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

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93