Marcus & Millichap Sells 147.4K SF Industrial Property In Mattapoisett, MA For $9.92M
5 Industrial Dr, Mattapoisett, Ma 02739
$9,922,500
$67/SF
Building Size
147,444 SF
Asset Type
Industrial
Closing
Aug 22, 2023
AI
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
Industrial 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
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93