facebook
Traded Co logo
Submit
Daily limit: 0/10

561 Main Street Best LLC Purchases Industrial Building In Holliston For $2.85 Million

Property Image
SOLD
$2,850,000

Massachusetts

See Similar Deals
Industrial52,000 SF
Sold 08/22/2024
the dealplayerscompscontact
Property Image
SOLD

561 Main Street Best LLC Purchases Industrial Building In Holliston For $2.85 Million

91 Kuniholm Drive

See Similar Deals
Industrial52,000 SF
Sold 08/22/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$54
Total Square Footage:52,000 SF
Transaction Type:Sale

A vacant industrial building located at 91 Kuniholm Drive in Holliston, Massachusetts, has been sold for $2,850,000. The property encompasses 52,000 square feet, yielding a price per square foot of $55. The buyer, 561 Main Street Best, LLC, intends to renovate the facility to accommodate smaller tenants, capitalizing on the current demand for small-bay spaces.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,850,000
  • Address: 91 Kuniholm Drive
  • Market: Holliston, MA
  • Square Footage: 52,000
  • Price Per Square Foot: $55
  • Buyer: 561 Main Street Best, LLC
  • Broker: Harrison Klein - Marcus & Millichap

Marcus & Millichap was instrumental in facilitating the transaction, assisting the buyer with the acquisition of the property. The focus of the purchase is on meeting the increasing demand for smaller industrial spaces in the local market.

Players

Harrison Klein
47 deals$177.2M volume
BROKER

Details

SOLD
IMAGE: Harrison Klein DATE: 08/22/2024 ADDRESS: 91 Kuniholm Drive MARKET: Holliston, MA ASSET TYPE: Industrial BUYER: 561 Main Street Best, LLC BROKER: Harrison Klein (@BigH359) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $2,850,000 SF: 52,000 ~ PPSF: $55 NOTE: Marcus & Millichap facilitated the $2.85 million sale of a 52,000-square-foot vacant industrial building in Holliston, Massachusetts. The buyer, 561 Main Street Best, LLC, plans to renovate the property to lease space to smaller tenants amid high demand for small-bay spaces.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$151,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,125.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,510.45
Annual Debt Service$162,125.45