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Seyon Group Acquisitions, LLC Acquires Industrial Building From Berry Holdco, LLC

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SOLD
$13,850,000

Massachusetts

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Industrial99,000 SF
Sold 06/13/2024
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Property Image
SOLD

Seyon Group Acquisitions, LLC Acquires Industrial Building From Berry Holdco, LLC

50 North Street

See Similar Deals
Industrial99,000 SF
Sold 06/13/2024
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Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$139
Total Square Footage:99,000 SF
Transaction Type:Sale

The industrial building located at 50 North Street in Canton, MA, was sold for $13,850,000. The transaction involved a 99,000-square-foot property, resulting in a price per square foot of $140. The sale was facilitated by R.W. Holmes Commercial Real Estate, representing the buyer, Seyon Group Acquisitions, LLC, and the seller, Berry Holdco, LLC.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $13,850,000
  • Address: 50 North Street
  • Market: Canton, MA
  • Buyer: Seyon Group Acquisitions, LLC
  • Seller: Berry Holdco, LLC
  • Brokers: Dean Blackey, Elizabeth Holmes & Mike Fahy - R.W. Holmes Commercial Real Estate
  • SF: 99,000
  • PPSF: $140

R.W. Holmes' Broker, Mike Fahy, played a significant role in the successful completion of the sale. The transaction ensured continuity with the original tenant, H.T. Berry, while also providing the potential for future rent escalation and property subdivision. This strategic approach contributed to a smooth transition of ownership between the buyer and the seller.

Players

Elizabeth Holmes
12 deals$55.3M volume
BROKER

Mike Fahy
R.W. Holmes Commercial Real Estate
6 deals$27M volume
BROKER

Dean Blackey
R.W. Holmes Commercial Real Estate
11 deals$38.3M volume
BROKER

Details

SOLD
IMAGE: Dean Blackey, Elizabeth Holmes & Mike Fahy DATE: 06/13/2024 ADDRESS: 50 North Street MARKET: Canton, MA ASSET TYPE: Industrial BUYER: Seyon Group Acquisitions, LLC SELLER: Berry Holdco, LLC BROKERS: Dean Blackey (@DBlackey), Elizabeth Holmes & Mike Fahy - R.W. Holmes Commercial Real Estate SALE PRICE: $13,850,000 SF: 99,000 ~ PPSF: $140 NOTE: R.W. Holmes recently finalized the $13.85 million sale of a 99,000-square-foot industrial building in Canton, MA. Led by R.W. Holmes' Broker, Mike Fahy, the transaction included advising the seller, Berry Holdco, LLC, and securing the buyer, Seyon Group Acquisitions, LLC, ensuring continuity with the original tenant, H.T. Berry, and potential for future rent escalation and property subdivision.

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$49,206.12
Cash-on-Cash Return-1.27%
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