Ozan Bozbas & Ayetin Kuruca Acquires Industrial Property In West Springfield, MA For $2.1M
884 Westfield Street, West Springfield, Ma 01089
$2,100,000
$893/SF
Building Size
2,350 SF
Asset Type
Industrial
Closing
Jul 26, 2023
AI
An industrial property located at 884 Westfield Street, West Springfield, MA 01089 has been sold for a total price of $2,100,000. The property spans across 2,350 square feet with a price per square foot of $894. The transaction took place in Massachusetts and involved the buyer Ozan Bozbas and Ayetin Kuruca, and the seller Atlantis Management Group. The deal was facilitated by brokers Jonathan Squires, Joshua Neustadter, and Austin Weiner from Cushman & Wakefield.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,100,000
- Address: 884 Westfield Street, West Springfield, MA 01089
- Square Footage: 2,350
- Price per Square Foot: $894
- Buyer: Ozan Bozbas & Ayetin Kuruca
- Seller: Atlantis Management Group
- Brokers: Jonathan Squires, Joshua Neustadter & Austin Weiner - Cushman & Wakefield
The involvement of Jonathan Squires, Joshua Neustadter, and Austin Weiner from Cushman & Wakefield showcases their expertise in brokering industrial property transactions. Their efforts played a pivotal role in connecting the buyer and seller and successfully finalizing the deal. This transaction demonstrates the demand for industrial properties in the West Springfield area and highlights the value of this particular asset.
Players
New York 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93