Updated Dec 4, 2024
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
About this deal
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.
On the Map
$3,075,000
$285/SF
Industrial
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Players
Seekonk 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
5.16%
Cash-on-Cash
-1.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93