Updated Oct 28, 2024
MKL Stone Acquires Industrial Property On Main Street, Wilmington For $1.9M
625 Main Street, Wilmington, Massachusetts, USA
$1,900,000
$190/SF
Building Size
10,000 SF
Asset Type
Industrial
Closing
Sep 27, 2021
About this deal
AI
MKL Stone, LLC has acquired an industrial property located at 625 Main Street in Wilmington, MA. The property spans 10,000 square feet and was sold for a total price of $1,900,000, resulting in a price per square foot of $190. The seller, NAC Realty Trust, was represented by Chris Everest of Nordlund Associates, while Howie Rock of Rock Real Estate represented the buyer, MKL Stone, LLC.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,900,000
- Address: 625 Main Street, Wilmington, MA
- Market: Wilmington, MA
- Buyer: MKL Stone, LLC
- Seller: NAC Realty Trust
Howie Rock, representing Rock Real Estate, acted as the buyer's representative in the transaction, while Chris Everest, from Nordlund Associates, represented the seller. The sale of the industrial property signifies a successful deal for both parties involved.
On the Map
$1,900,000
$190/SF
Industrial
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Players
Wilmington 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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93