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75 Bodwell Street

Bay Crane Acquires 2.12-Acre Industrial Site In Avon For $2.5 Million With Brokers Warren L. Brown And Joel Aho
SOLDIndustrial

Bay Crane Acquires 2.12-Acre Industrial Site In Avon For $2.5 Million With Brokers Warren L. Brown And Joel Aho

75 Bodwell Street

$2,500,000

Building Size

Asset Type

Industrial

Closing

Jul 19, 2024

AI

The property involved in the transaction is an industrial site located at 75 Bodwell Street in Avon, MA, encompassing 2.12 acres. The sale price of the asset was $2,500,000, aligning with the market demands for expansion spaces in the area.

Summary of transaction details:

Joel Aho, the president of Aho Properties, facilitated the transaction, representing the seller in the process. The buyer, Bay Crane, was represented by Warren Brown, who successfully navigated a competitive bidding process to secure the property for expansion within Avon Industrial Park, ultimately leading to a sale that exceeded initial price expectations.

Players

Joel Aho

Aho Properties

Broker

$42.4M

vol

17 deals

Broker

Avon 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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93