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Marcus & Millichap Sells 147.4K SF Industrial Property In Mattapoisett, MA For $9.92M

Property Image
SOLD
$9,922,500
Laurie Ann "L.A." Drinkwater
Seth Richard

Massachusetts

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Industrial147,444 SF
Sold 08/22/2023
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Sells 147.4K SF Industrial Property In Mattapoisett, MA For $9.92M

5 Industrial Dr, Mattapoisett, Ma 02739

See Similar Deals
Industrial147,444 SF
Sold 08/22/2023
Laurie Ann "L.A." Drinkwater
Seth Richard
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$67
Total Square Footage:147,444 SF
Transaction Type:Sale

A 147,444-square-foot industrial property located at 5 Industrial Drive in Mattapoisett, Massachusetts, has been sold for $9,922,500 to a private investor. The property was listed by Laurie Ann "L.A." Drinkwater and Seth Richard of Marcus & Millichap.

Summary of transaction details

  • Property Type: Industrial
  • Sale Price: $9,922,500
  • Size: 147,444 square feet
  • Price per Square Foot: $67
  • Address: 5 Industrial Drive, Mattapoisett, MA
  • Market: Mattapoisett, MA

Marcus & Millichap facilitated the sale of the industrial property in Mattapoisett. The deal was successfully closed with the assistance of Laurie Ann "L.A." Drinkwater and Seth Richard, who represented the buyer and seller in the transaction. The property's size and favorable location in the market contributed to its appeal to the private investor. The acquisition of this industrial property presents a promising opportunity for the new owner.

Players

Laurie Ann "L.A." Drinkwater
Marcus & Millichap
Laurie Ann Drinkwater
13 deals$75M volume(860) 287-0568
BROKER
Seth Richard
Marcus & Millichap
Seth Richard
12 deals$62.8M volume
BROKER

Details

SOLD
IMAGE: Seth Richard & Laurie Ann "L.A." Drinkwater DATE: 08/22/2023 ADDRESS: 5 Industrial Drive MARKET: Mattapoisett, MA ASSET TYPE: Industrial BROKERS: Laurie Ann "L.A." Drinkwater & Seth Richard - Marcus & Millichap (@MarcusMillichapBoston) SALE PRICE: $9,922,500 SF: 147,444 ~ PPSF: $67 NOTE: Marcus & Millichap has announced the sale of a 147,444-square-foot industrial property in Mattapoisett, Massachusetts, for $9,922,500 to a private investor.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$529,200.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,252.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,037.71
Annual Debt Service$564,452.55