Robert Belisle Jr. Acquires Industrial Property In Woburn From John Joseph Canney Jr. For $4.15M
SOLD
$4,150,000
+ 1
Massachusetts
See Similar DealsIndustrial11,161 SF
Sold
SOLD
Robert Belisle Jr. Acquires Industrial Property In Woburn From John Joseph Canney Jr. For $4.15M
6 Draper Street
See Similar DealsIndustrial11,161 SF
Sold
+ 1
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$371
Total Square Footage:11,161 SF
Transaction Type:Sale
The industrial asset located at 6 Draper Street in Woburn, MA was sold for $4,150,000. This property comprises 11,161 square feet, translating to a price per square foot of $371.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,150,000
- Buyer: Robert Belisle Jr.
- Seller: John Joseph Canney Jr.
- Brokers: David Stubblebine, Chloe Stubblebine, James Stubblebine, Micah Stubblebine & Chris Michniewicz - The Stubblebine Company
The transaction involved key individuals such as buyer Robert Belisle Jr. and seller John Joseph Canney Jr. The deal was facilitated by a team of brokers from The Stubblebine Company, highlighting the collaborative effort in this industrial property transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$221,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,744.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,673.12
Annual Debt Service$236,077.41
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