Alterra Property Group Acquires Industrial Property In Seekonk For $3.075M
45 Industrial Court
$3,075,000
$285/SF
Building Size
10,788 SF
Asset Type
Industrial
Closing
May 1, 2024
AI
The industrial property located at 45 Industrial Court in Seekonk, MA, was recently sold for $3,075,000. The asset spans 10,788 square feet, resulting in a price per square foot of $285.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,075,000
- Address: 45 Industrial Court
- Market: Seekonk, MA
- Buyer: Alterra Property Group
- Brokers: Matty Drouillard & James Stubblebine - The Stubblebine Company
- SF: 10,788
- PPSF: $285
The sale of the industrial property was facilitated by Matty Drouillard and James Stubblebine from The Stubblebine Company, representing Alterra Property Group in the transaction.
Players
Seekonk Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.16%
Cash-on-Cash
-1.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93