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64 Union Avenue

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

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

64 Union Avenue

$3,400,000

$207/SF

Building Size

16,382 SF

Asset Type

Industrial

Closing

Aug 9, 2024

AI

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

Jake Parsons

Broker

$8.3M

vol

4 deals

Broker

Sudbury 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

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93