Updated Dec 4, 2024
Alterra Property Group Acquires Industrial Asset At 49 Mcgrath Road From Severance Trucking For $12M
49 Mcgrath Road
$12,000,000
$362/SF
Building Size
33,130 SF
Asset Type
Industrial
Closing
Aug 30, 2024
About this deal
AI
The property asset involved in this transaction is an industrial facility located at 49 Mcgrath Road in Dracut, MA. The sale price for the property is $12,000,000, and it encompasses a total area of 33,130 square feet, resulting in a price per square foot of $362.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,000,000
- Address: 49 Mcgrath Road
- Market: Dracut, MA
- Square Footage: 33,130
- Price Per Square Foot: $362
- Buyer: Alterra Property Group
- Seller: Severance Trucking
- Brokers: Matty Drouillard & James Stubblebine - The Stubblebine Company
This transaction was facilitated by Matty Drouillard and James Stubblebine, who represent the brokerage firm The Stubblebine Company. Their involvement underscores the expertise applied in negotiating this significant deal between Alterra Property Group and Severance Trucking.
Players
Dracut 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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93