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:
- Property Type: Industrial
- Transaction Amount: $2,500,000
- Address: 75 Bodwell Street
- Market: Avon, MA
- Acres: 2.12
- Buyer's Representative: Warren L. Brown - Boston Commercial Properties
- Seller's Representative: Joel Aho - Aho Properties
- Buyer: Bay Crane
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
Avon Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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