facebook
Traded Co logo
Submit

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

Property Image
SOLD
$15,000,000

Massachusetts

See Similar Deals
Industrial113,000 SF
Sold 10/29/2020
the dealplayerscompscontact
Property Image
SOLD

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

44-48 Garden Street, Everett, MA, USA

See Similar Deals
Industrial113,000 SF
Sold 10/29/2020
Contact now

Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$132
Total Square Footage:113,000 SF
Transaction Type:Sale

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

4 deals$79.3M volume
BUYER

Jon Hyde
5 deals$133.4M volume
BUYER

Michael Coskren
4 deals$83.4M volume
BUYER

Details

SOLD
IMAGE: Jon O’Donnell, Jon Hyde, & Michael Coskren⁠ DATE: 10/29/2020⁠ ADDRESS: 44-48 Garden Street⁠ MARKET: Everett, MA⁠ ASSET TYPE: Industrial⁠ ⁠ SELLER: 129 Sherman Street⁠ BUYER: Jon Hyde, Jon O’Donnell, & Michael Coskren – Oliver Street Capital⁠ BROKER: Perishable Management Services⁠ ⁠ SALE PRICE: $15,000,000⁠ SF: 113,000 ~ PPSF: $133

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$799,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83