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8 Sherwood Drive

John Hambelton Purchases Industrial Property At 8 Sherwood Drive Norfolk For $1.2M With Seller's Rep Nate Nickerson
SOLDIndustrial

John Hambelton Purchases Industrial Property At 8 Sherwood Drive Norfolk For $1.2M With Seller's Rep Nate Nickerson

8 Sherwood Drive

$1,200,000

$240/SF

Building Size

5,000 SF

Asset Type

Industrial

Closing

Aug 24, 2025

AI

The sale involved an industrial asset located at 8 Sherwood Drive, Norfolk, MA. The property was sold for $1,200,000, encompassing a total area of 5,000 square feet, which equates to a price per square foot of $240.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,200,000
  • Address: 8 Sherwood Drive
  • Market: Norfolk, MA
  • Square Footage: 5,000
  • Price per Square Foot: $240
  • Buyer: John Hambelton
  • Seller: Jon Pirrong
  • Seller's Representative: Nate Nickerson - Fieldstone Commercial Properties

Key personnel involved in the transaction include John Hambelton as the buyer, while Jon Pirrong served as the seller. The seller’s interests were represented by Nate Nickerson from Fieldstone Commercial Properties during the transaction process.

Players

Nate Nickerson

Fieldstone Commercial Properties

Broker

$27.9M

vol

13 deals

Broker
Fieldstone Commercial Properties
Fieldstone Commercial PropertiesBrokerage

Norfolk 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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93