Alterra IOS Acquisitions Purchases Industrial Property From Signature Transportation For $2.2M In Seekonk MA
SOLD
$2,200,000
Massachusetts
See Similar DealsIndustrial17,500 SF
Sold
SOLD
Alterra IOS Acquisitions Purchases Industrial Property From Signature Transportation For $2.2M In Seekonk MA
75 Mead Street
See Similar DealsIndustrial17,500 SF
Sold
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$125
Total Square Footage:17,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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