DRA Advisors LLC Sells 53 Silvio O Conte Dr In Greenfield With Representatives Maggie Holmes And Joey Odom
53 Silvio O Conte Dr, Greenfield, MA...
Building Size
180,000 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
A 180,000-square-foot manufacturing facility located at 53 Silvio O Conte Dr, Greenfield, MA has been sold. The property is situated in the Greenfield market and has been fully leased to Schweitzer-Mauduit International Inc. for over 30 years. The seller of this facility is DRA Advisors LLC.
Summary of transaction details:
- Property Type: Manufacturing Facility
- Transaction Amount: Not Disclosed
- Address: 53 Silvio O Conte Dr, Greenfield, MA
- Market: Greenfield
- Seller: DRA Advisors LLC
- Seller's Representative: Maggie Holmes - Stan Johnson Company
- Additional Representative: Joey Odom - Stan Johnson Company
- Buyer: Unknown
Mollie Alteri, Mike Sladich, and additional representative Joey Odom from Stan Johnson Co. played key roles in representing the seller during this transaction. The property has been a significant asset in the region due to its long-term leasing arrangement.
Players
Greenfield 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93