Banner Environmental Services Acquires Norwood Industrial Property For $1.4M
SOLD
New York
See Similar DealsIndustrial13,462 SF
Sold 08/14/2020
SOLD
Banner Environmental Services Acquires Norwood Industrial Property For $1.4M
672 Pleasant St #674, Norwood, Ma 02062, Usa
See Similar DealsIndustrial13,462 SF
Sold 08/14/2020
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$104
Total Square Footage:13,462 SF
Transaction Type:Sale
The industrial property located at 672-674 Pleasant Street in Norwood, MA has been sold. The transaction took place on August 14, 2020. The property, owned by On-Line Computer Products, Inc, was purchased by Banner Environmental Services, Inc for a price of $1,400,000. The total area of the property is 13,462 square feet, resulting in a price per square foot of $103.99.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,400,000
- Address: 672-674 Pleasant Street, Norwood, MA
- Square Footage: 13,462
- Price per Square Foot: $103.99
- Market: Norwood, MA
James Kearins, Mark Kearins, and Bryan Glennon from Atlantic Commercial Real Estate, LLC acted as the brokers for this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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