Updated Aug 28, 2025
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
About this deal
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.
On the Map
$1,200,000
$240/SF
Industrial
View full map
Players
Norfolk Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Nate Nickerson to view all their deals.
Browse Norfolk industrial sales on Traded.
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