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Suncor Stainless Acquires 30,000 Square Foot Office Building In Plymouth For $5.2M
SOLD
$5,200,000
Massachusetts
See Similar DealsMixed-use30,000 SF
Sold 03/04/2025
SOLD
Suncor Stainless Acquires 30,000 Square Foot Office Building In Plymouth For $5.2M
71 Armstrong Road
See Similar DealsMixed-use30,000 SF
Sold 03/04/2025
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$173
Total Square Footage:30,000 SF
Transaction Type:Sale
A mixed-use property located at 71 Armstrong Road in Plymouth, MA was sold for $5,200,000. The asset encompasses a total area of 30,000 square feet and is situated on a 3.6-acre site.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,200,000
- Buyer: Patrick Striebel
- Seller: JB Capital
- Sale Price per Square Foot: $173
- Last Sold Price: $3,750,000
- Last Sold Date: March 2023
Patrick Striebel represented Suncor Stainless in the acquisition of its new headquarters from JB Capital, signaling a notable investment in their operational capabilities. The transaction underscores the strategic growth plans of Suncor Stainless within the Plymouth market.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$277,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83
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