Updated May 12, 2025
Behavioral Health Network Acquires Industrial Warehouse In Springfield For $1.675 Million
83 Warwick Street & 95 Warwick Street
$1,675,000
$14/SF
Building Size
57,508 SF
Asset Type
Industrial
Closing
Mar 28, 2025
About this deal
AI
An industrial property located at 83 Warwick Street and 95 Warwick Street in Springfield, MA was sold. The asset encompasses a total square footage of 57,508 and was transacted at a sale price of $1,675,000, which translates to a price per square foot of $29.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,675,000
- Address: 83 Warwick Street & 95 Warwick Street
- Market: Springfield, MA
- Square Footage: 57,508
- Price Per Square Foot: $29
- Buyer: Behavioral Health Network (BHN)
- Seller: Center for EcoTechnology (CET)
- Buyer's Representative: Brendan Greeley - RJ Greeley Co
- Seller's Representative: Kevin Jennings - Jennings Real Estate Services
The transaction was facilitated by Brendan Greeley representing the buyer, Behavioral Health Network, and Kevin Jennings representing the seller, Center for EcoTechnology. The sale reflects the capabilities of Jennings Real Estate in handling the sale of the industrial warehouse.
Players
Springfield 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
9.47%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93