Updated Feb 21, 2025
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
About this deal
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.
On the Map
$2,200,000
$125/SF
Industrial
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Players
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