Updated Oct 29, 2024
DL & Sons LLC Acquires Industrial Property In Spencer, MA For $885K
6 Olde Main St, Spencer, Massachusetts, USA
$885,000
$33/SF
Building Size
26,858 SF
Asset Type
Industrial
Closing
Apr 22, 2021
About this deal
AI
The industrial property located at 6 Olde Main St in Spencer, MA has been sold for a price of $885,000. The transaction took place on April 23, 2021. The property spans over an area of 26,858 square feet, resulting in a price per square foot of $33. The buyer of the property is DL & Sons LLC.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $885,000
- Date: 04/23/2021
- Address: 6 Olde Main St, Spencer, MA
- Market: Spencer, MA
- Buyer: DL & Sons LLC
Mitchell Stepien from Greater Boston Commercial Properties, Inc. represented DL & Sons LLC in this transaction.
Players
Spencer 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
17.92%
Cash-on-Cash
-5.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93