Banner Environmental Services Acquires Norwood Industrial Property For $1.4M
672 Pleasant St #674, Norwood, Ma 02062, Usa
$1,400,000
$104/SF
Building Size
13,462 SF
Asset Type
Industrial
Closing
Aug 13, 2020
AI
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.
Players
Norwood Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93