SR Commercial Realty Sells Industrial Property In Springfield, MA For $2.15M
SOLD
$2,150,000
Massachusetts
See Similar DealsIndustrial100,000 SF
Sold 07/15/2022
SOLD
SR Commercial Realty Sells Industrial Property In Springfield, MA For $2.15M
55 Emery Street, Springfield, Massachusetts 01104, United States
See Similar DealsIndustrial100,000 SF
Sold 07/15/2022
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$21
Total Square Footage:100,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$114,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,638.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,192.10
Annual Debt Service$122,305.16
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