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75 Mead Street

Alterra IOS Acquisitions Purchases Industrial Property From Signature Transportation For $2.2M In Seekonk MA
SOLDIndustrial

Alterra IOS Acquisitions Purchases Industrial Property From Signature Transportation For $2.2M In Seekonk MA

75 Mead Street

$2,200,000

$125/SF

Building Size

17,500 SF

Asset Type

Industrial

Closing

Dec 30, 2024

AI

The asset involved in the transaction is an industrial property located at 75 Mead Street, Seekonk, MA. The sale was completed for a price of $2,200,000. The property encompasses a total square footage of 17,500, resulting in a price per square foot of $125.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,200,000
  • Address: 75 Mead Street
  • Market: Seekonk, MA
  • Square Footage: 17,500
  • Price per Square Foot: $125
  • Buyer: Alterra IOS Acquisitions
  • Seller: Signature Transportation
  • Brokers: Matty Drouillard & James Stubblebine - The Stubblebine Company

Key individuals in this transaction include the buyer, Alterra IOS Acquisitions, and the seller, Signature Transportation. The brokers representing the deal are Matty Drouillard and James Stubblebine from The Stubblebine Company, facilitating this closed transaction.

Players

James Stubblebine

The Stubblebine Company

Broker

$246.4M

vol

36 deals

Broker

Seekonk 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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93