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672 Pleasant St #674, Norwo...

Banner Environmental Services Acquires Norwood Industrial Property For $1.4M
SOLDIndustrial

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

Bryan Glennon

Broker

$3.4M

vol

3 deals

Broker

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