Bill Manley Of Calare Properties Acquires Industrial Asset From Shawn Lillie & Alan Contois For $10M
SOLD
$10,000,000
Massachusetts
See Similar DealsIndustrial101,803 SF
Sold 11/15/2024
SOLD
Bill Manley Of Calare Properties Acquires Industrial Asset From Shawn Lillie & Alan Contois For $10M
1 Wesley Street
See Similar DealsIndustrial101,803 SF
Sold 11/15/2024
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$98
Total Square Footage:101,803 SF
Transaction Type:Sale
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:
- Property Type: Industrial
- Transaction Amount: $10,000,000
- Buyer: Bill Manley - Calare Properties
- Seller: Shawn Lillie & Alan Contois
- Broker: Sam Peterson - Eastern Retail Properties
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
BROKERAGE
BUYER
Details
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
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
Is there something missing? Send suggestions