Seyon Group Acquisitions, LLC Acquires Industrial Building From Berry Holdco, LLC
50 North Street
$13,850,000
$139/SF
Building Size
99,000 SF
Asset Type
Industrial
Closing
Jun 13, 2024
AI
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
Canton 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
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93