Updated May 12, 2025
OBCC LLC Sells Industrial Warehouse In Pittsfield MA For $2.15M With Kevin Jennings As The Broker
74 Downing Parkway
$2,150,000
Building Size
—
Asset Type
Industrial
Closing
Apr 25, 2025
About this deal
AI
The property involved in this transaction is an industrial warehouse located at 74 Downing Parkway in Pittsfield, MA. The sale price for the asset was $2,150,000, with a total square footage of 34,700 and a price per square foot of $62.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,150,000
- Address: 74 Downing Parkway
- Market: Pittsfield, MA
- Seller: OBCC, LLC
- Buyer: Pittsfield Storage LLC
- Broker: Kevin Jennings - Jennings Real Estate Services
- Square Footage: 34,700
- Price Per Square Foot: $62
Kevin Jennings of Jennings Real Estate Services represented both the seller, OBCC, LLC, and the buyer, Pittsfield Storage LLC, in the closing of this transaction.
Pittsfield 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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93