facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Self Storage

/

Sale

/

120 N Main St, Brockton, MA...

Brockton & Main LLC Purchases 120 N Main St In Brockton For $2.6M With Seller's Rep Cathy Minnerly
SOLDSelf Storage

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

Sean Hannigan

Colliers

Broker

$6.9M

vol

2 deals

Broker

Brockton Self Storage Market Snapshot

Boundary boundary · Self Storage · Sale transactions

Loading comparables…

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