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
Market 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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93