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1 Wesley Street

Bill Manley Of Calare Properties Acquires Industrial Asset From Shawn Lillie & Alan Contois For $10M
SOLDIndustrial

Bill Manley Of Calare Properties Acquires Industrial Asset From Shawn Lillie & Alan Contois For $10M

1 Wesley Street

$10,000,000

$98/SF

Building Size

101,803 SF

Asset Type

Industrial

Closing

Nov 15, 2024

AI

This industrial asset located at 1 Wesley Street in Malden, MA, has a total square footage of 101,803. The sale transaction was completed for a price of $10,000,000, resulting in a price per square foot of $98.

Summary of transaction details:

Bill Manley represented Calare Properties as the buyer in this transaction, while Shawn Lillie and Alan Contois were the sellers. The deal was facilitated by broker Sam Peterson from Eastern Retail Properties, who played a key role in the negotiation and closing of this sale.

Players

Sam Peterson

Eastern Retail Properties

Broker

$10M

vol

2 deals

Broker
Eastern Retail Properties
Eastern Retail PropertiesBrokerage
Calare Properties
Calare PropertiesBuyer

Malden Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93