Brockton & Main LLC Purchases 120 N Main St In Brockton For $2.6M With Seller's Rep Cathy Minnerly
120 N Main St, Brockton, MA, 02301
$2,600,000
$34/SF
Building Size
75,000 SF
Asset Type
Self Storage
Closing
Nov 19, 2023
AI
An industrial building located at 120 N Main St, Brockton, MA 02301 was sold by Micro Wire Products. The property transaction was valued at $2,600,000. The asset encompasses a total of 75,000 square feet within the Brockton market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,600,000
- Address: 120 N Main St, Brockton, MA 02301
- Market: Brockton
- Buyer: Brockton & Main LLC
- Seller's Representative: Cathy Minnerly - Colliers International
NAI Hunneman facilitated the transaction and represented the interests of the seller. In addition, they played a role in Micro Wire Products' relocation to an 18,000-square-foot sublease at 5 Year Road in Holbrook, Massachusetts. Sean Hannigan of NAI Hunneman also contributed to the deal.
Players
Brockton Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93