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625 Main Street, Wilmington...

MKL Stone Acquires Industrial Property On Main Street, Wilmington For $1.9M
SOLDIndustrial

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

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.

Players

Christopher Everest

Nordlund Associates

Broker

$36.6M

vol

13 deals

Broker

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