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
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