Alterra IOS Acquisitions III Acquires Industrial Asset From Penske In Framingham For $4.25M
SOLD
$4,250,000
+ 1
Massachusetts
See Similar DealsIndustrial8,520 SF
Sold
SOLD
Alterra IOS Acquisitions III Acquires Industrial Asset From Penske In Framingham For $4.25M
92 New York Avenue
See Similar DealsIndustrial8,520 SF
Sold
+ 1
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$498
Total Square Footage:8520 SF
Transaction Type:Sale
The property asset involved in the transaction is located at 92 New York Avenue, Framingham, MA. This industrial asset has a sale price of $4,250,000, encompassing a total square footage of 8,520 and a price per square foot of $498.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,250,000
- Sale Date: 5/27/2025
- Buyer: Alterra IOS Acquisitions III
- Seller: Penske
- Buyer's Representative: Matty Drouillard & James Stubblebine - The Stubblebine Company
- Seller's Representative: Peter Whoriskey & Rachel Igoe - Cushman & Wakefield
The transaction featured key individuals including Matty Drouillard and James Stubblebine representing the buyer, while the seller was represented by Peter Whoriskey and Rachel Igoe. Each representative played a crucial role in facilitating the deal between Alterra IOS Acquisitions III and Penske.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$226,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,099.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,147.17
Annual Debt Service$241,766.02
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