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47 Washington Street, Aubur...

Whispering Pines, LLC Acquires Land In Auburn, MA For $2.46M
SOLDDevelopment Site

Whispering Pines, LLC Acquires Land In Auburn, MA For $2.46M

47 Washington Street, Auburn, Massachusetts, USA

$2,462,000

$5/SF

Building Size

486,129 SF

Asset Type

Development Site

Closing

Oct 29, 2020

AI

Whispering Pines, LLC has acquired a land property located at 47 Washington Street in Auburn, MA. The transaction was facilitated by brokers David Eldredge and Michael Jacobs from NAI Glickman Kovago & Jacobs. The sale took place on October 30, 2020, with a sale price of $2,462,000. The seller of the property was WP LLC.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $2,462,000
  • Seller: WP LLC
  • Buyer: Whispering Pines, LLC
  • Brokers: David Eldredge & Michael Jacobs - NAI Glickman Kovago & Jacobs

The acquisition of 47 Washington Street in Auburn, MA marks a significant development in the real estate market. The involvement of Whispering Pines, LLC and WP LLC, along with the expertise of brokers David Eldredge and Michael Jacobs, showcases the collaborative efforts of key individuals and companies in this transaction.

Players

David Eldredge

NAI Global

Broker

$12.8M

vol

4 deals

Broker

Auburn Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.44%

Cash-on-Cash

-1.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93