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.
Springfield Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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