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45 Industrial Court

Alterra Property Group Acquires Industrial Property In Seekonk For $3.075M
SOLDIndustrial

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:

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

James Stubblebine

The Stubblebine Company

Broker

$246.4M

vol

36 deals

Broker

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