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55 Emery Street, Springfiel...

SR Commercial Realty Sells Industrial Property In Springfield, MA For $2.15M
SOLDIndustrial

SR Commercial Realty Sells Industrial Property In Springfield, MA For $2.15M

55 Emery Street, Springfield, Massachusetts 01104, United States

$2,150,000

$21/SF

Building Size

100,000 SF

Asset Type

Industrial

Closing

Jul 14, 2022

AI

The industrial property located at 55 Emery St. & 6 Liberty St in Springfield, MA has been sold. The property spans over 1.2 acres and is characterized by its industrial nature.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,150,000
  • Address: 55 Emery St. & 6 Liberty St, Springfield, MA
  • Market: Springfield, MA
  • Size: 100,000 square feet

The sale of the property was facilitated by Paul Bongiorni, a broker from SR Commercial Realty. He represented the parties involved in the transaction. The deal concluded on 07/15/2022.

The property was sold at a price of $2,150,000, resulting in a price per square foot of $22.

Players

Paul Bongiorni

SR Commercial Realty

Broker

$2.2M

vol

1 deal

Broker

Springfield 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

7.38%

Cash-on-Cash

-2.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93