Updated Oct 2, 2026
FINANCEDIndustrial
Luzern Associates Secures $34.5M Loan From Northwest Bank For Industrial Acquisition In Danvers
33 Cherry Hill Drive, 37 Cherry Hill Drive, 35 Cherry Hill Drive & 37 Cherry Hill Drive, Danvers, M
$34,500,000
$172/SF
Building Size
200,000 SF
Asset Type
Industrial
Closing
Sep 30, 2026
About this deal
AI
The transaction involves an industrial property portfolio consisting of three buildings located at 33, 35 & 37 Cherry Hill Drive in Danvers, MA. The total square footage of the portfolio is 200,000, and it was acquired for $47.75 million. An acquisition loan amounting to $34.5 million was secured for this transaction.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $47,750,000
- Loan Amount: $34,500,000
- Lender: Adam Dubeshter - Northwest Bank
- Landlord: Salvatore Campofranco - Luzern Associates
- Broker: Nicholas Campofranco - Luzern Associates LLC
Adam Dubeshter from Northwest Bank provided the loan necessary for the acquisition, while Salvatore Campofranco represents Luzern Associates as the landlord of the property. Nicholas Campofranco facilitated the transaction through Luzern Associates LLC, representing the interests of the parties involved in the deal.
On the Map
$34,500,000
$172/SF
Industrial
View full map
Players
Danvers Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Visit Luzern Associates LLC to view all their deals.
Browse Danvers industrial loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93