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Makkas Drapery Purchases Industrial Property From Macot Realty Trust For $3.4 Million In Sudbury

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SOLD
$3,400,000

Massachusetts

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Industrial16,382 SF
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SOLD

Makkas Drapery Purchases Industrial Property From Macot Realty Trust For $3.4 Million In Sudbury

64 Union Avenue

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Industrial16,382 SF
Sold
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Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$207
Total Square Footage:16382 SF
Transaction Type:Sale

The property involved in the transaction is an industrial building located at 64 Union Avenue, Sudbury, MA. The asset spans 16,382 square feet and is situated on 1.42 acres. The sale was concluded for a total amount of $3,400,000, establishing a price per square foot of $208.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,400,000
  • Square Footage: 16,382
  • Address: 64 Union Avenue
  • Market: Sudbury, MA
  • Acres: 1.42
  • Buyer's Name: Makkas Drapery
  • Seller's Name: Macot Realty Trust
  • Buyer's Representative: Dee Kerner - Compass
  • Seller's Representative: Jake Parsons - SVN

This transaction was facilitated by SVN® | Parsons Commercial Group | Boston, which played a key role in the sale process, ensuring that both parties were effectively represented throughout the deal.

Players

4 deals$8.3M volume
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Details

SOLD
IMAGE: Dee Kerner & Jake Parsons DATE: 08/09/2024 ADDRESS: 64 Union Avenue MARKET: Sudbury, MA ASSET TYPE: Industrial ~ ACRES: 1.42 BUYER: Makkas Drapery SELLER: Macot Realty Trust BUYER'S REP: Dee Kerner (@DeeryanKerner) - Compass (@Compass) SELLER'S REP: Jake Parsons - SVN (@SVN_PCG_Boston) SALE PRICE: $3,400,000 SF: 16,382 ~ PPSF: $208 NOTE: SVN® | Parsons Commercial Group | Boston facilitated the $3.4 million sale of a 16,382-square-foot industrial building at 64 Union Ave in Sudbury, Massachusetts.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
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