Ahmad Sher Acquires Industrial Property In Holbrook For $1.62M
1716 Church Street, 1728 Church St & 1718 Church St
$1,622,250
$52/SF
Building Size
31,200 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
An industrial property located at 1716 Church St, 1728 Church St, and 1718 Church St in the Holbrook market has been sold for a total price of $1,622,250. The property spans a total area of 10,400 square feet, resulting in a price per square foot of $156. The transaction took place on November 22, 2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,622,250
- Address: 1716 Church St, 1728 Church St, and 1718 Church St
- Market: Holbrook
- Square Footage: 10,400
- Price per Square Foot: $156
Anthony Musso representing Ten-X served as both the buyer and seller's representative in the deal, facilitating the transaction between buyer Ahmad Sher and seller Rick Schefer. Additionally, the seller was also represented by Leo Farrell, Paul Farrell, and Cole Gartmayer from Avison Young.
Players
Holbrook 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
9.78%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93