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Arrowhead Capital LLC Acquires 41,000 SF Industrial Building In Hanson, MA For $4.3M

Property Image
SOLD
$4,300,000
Harrison Piper
Chris Michniewicz
+ 1

Massachusetts

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Industrial41,000 SF
Sold 08/23/2022
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Property Image
SOLD

Arrowhead Capital LLC Acquires 41,000 SF Industrial Building In Hanson, MA For $4.3M

68 Industrial Boulevard

See Similar Deals
Industrial41,000 SF
Sold 08/23/2022
Harrison Piper
Chris Michniewicz
+ 1
Contact now

Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$104
Total Square Footage:41,000 SF
Transaction Type:Sale

The Stubblebine Company/CORFAC International has facilitated the sale of an industrial property located at 68 Industrial Boulevard in Hanson, MA. The property, situated on 3.43 acres, features a 41,000 square feet industrial building. The transaction was closed at a sale price of $4,300,000.

Summary of transaction details

James Stubblebine, Principal of The Stubblebine Company, acted as the representative of the buyer, Arrowhead Capital LLC, in the transaction. On the other side, Harrison Piper, David Berman, and Chris Michniewicz of The Stubblebine Company represented the seller, 68 Industrial Boulevard LLC. The Stubblebine Company/CORFAC International, established in 1987, specializes in selling and leasing large industrial and investment properties, as well as adaptive re-use sites throughout New England.

Players

James Stubblebine
36 deals$246.4M volume
BROKER

Chris Michniewicz
The Stubblebine Company
8 deals$60.1M volume
BROKER

Harrison Piper
The Stubblebine Company
2 deals$6.2M volume
BROKER

David Berman
The Stubblebine Company
8 deals$75.1M volume
BROKER

Details

SOLD
IMAGE: David Berman, James Stubblebine, Chris Michniewicz & Harrison Piper DATE: 08/23/2022 ADDRESS: 68 Industrial Blvd MARKET: Hanson, MA ASSET TYPE: Industrial BROKERS: Harrison Piper, David Berman, Chris Michniewicz & James Stubblebine (@James.Stubblebine) - The Stubblebine Company (@StubblebineCompanyCRE) SALE PRICE: $4,300,000 SF: 41,000 ~ PPSF: $105 NOTE FROM BROKER: THE STUBBLEBINE COMPANY/CORFAC INTERNATIONAL ARRANGES THE SALE OF 68 INDUSTRIAL BOULEVARD, HANSON, MA, FOR $4,300,000 Woburn, MA – James Stubblebine, Principal of The Stubblebine Company, represented the Buyer, Arrowhead Capital LLC. Harrison Piper, Advisor, David Berman, Advisor, and Chris Michniewicz, Senior Advisor of the Stubblebine Company represented the Seller, 68 Industrial Boulevard LLC. Situated on 3.43 ~ acres with a 41,000 SF Industrial building, the recent sale closed at $4,300,000. Established in 1987, The Stubblebine Company/CORFAC International specializes in selling and leasing large industrial and investment properties and adaptive re-use sites throughout New England.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$229,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
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