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
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