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53 Silvio O Conte Dr, Green...

DRA Advisors LLC Sells 53 Silvio O Conte Dr In Greenfield With Representatives Maggie Holmes And Joey Odom
SOLDIndustrial

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

Joey Odom

Broker

$35.5M

vol

3 deals

Broker
DRA Advisors
DRA AdvisorsSeller

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