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
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