Updated Oct 29, 2024
B&D Holdings & Abacus Capital Acquire Belmont Industrial Property From Marlatex For $5.5M
408 Brook Street
$5,500,000
$100/SF
Building Size
54,600 SF
Asset Type
Industrial
Closing
Dec 2, 2022
About this deal
AI
The industrial property located at 408 Brook Street in Belmont has been sold. The property spans 54,600 square feet and was sold for a price of $5,500,000, resulting in a price per square foot of $101. The transaction took place on December 1, 2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,500,000
- Address: 408 Brook Street
- Market: Belmont
- Square Footage: 54,600
- Price per Square Foot: $101
The buyer of the property is B&D Holdings & Abacus Capital, represented by Martin Segal, Rob Logan, Rebecca Weinerman, and Brick Bryant. The seller is Marlatex.
Players
Southwold 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93