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Industrial

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50 North Street

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

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

Elizabeth Holmes

R.W. Holmes Commercial Real Estate

Broker

$55.3M

vol

12 deals

Broker

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