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57 George Leven Dr North At...

ORH Capital Acquires Industrial Property In North Attleboro, MA For $2.8M
SOLDIndustrial

ORH Capital Acquires Industrial Property In North Attleboro, MA For $2.8M

57 George Leven Dr North Attleborough, MA 02760, USA

$2,800,000

$151/SF

Building Size

18,486 SF

Asset Type

Industrial

Closing

Jun 23, 2023

AI

Located at 57 George Leven Drive in North Attleboro, MA, this industrial property has recently been sold. The property spans an impressive 18,486 square feet and was sold for a total of $2,800,000, resulting in a price per square foot of $151.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $2,800,000
  • Address: 57 George Leven Drive, North Attleboro, MA
  • Market: North Attleboro, MA
  • Square Footage: 18,486
  • Buyer: ORH Capital - Hank Kenary
  • Seller: Stahoo Properties - Mark Lore
  • Seller's Representative: James Keefe - Greater Boston Commercial Properties

On the buying side, ORH Capital, represented by Hank Kenary, acquired the property. Meanwhile, Stahoo Properties, with Mark Lore as the seller, facilitated the sale. James Keefe, from Greater Boston Commercial Properties, acted as the seller's representative in this transaction. Both parties expressed satisfaction with the deal, highlighting the efficient negotiation and prompt closing. Hank Kenary, partner at ORH Capital, also expressed enthusiasm for further expanding their firm's portfolio in the region.

Players

James Keefe

Greater Boston Commercial Properties

Broker

$42.9M

vol

16 deals

Broker

Hank Kenary

ORH Capital

Buyer

$5.6M

vol

2 deals

Buyer

Mark Lore

Stahoo Properties

Seller

$10.1M

vol

3 deals

Seller

Market 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

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93