Rhino Capital Acquires Industrial Property In Danvers, MA For $5.8M
1 Industrial Dr, Danvers, Massachusetts, USA
$5,800,000
$124/SF
Building Size
46,547 SF
Asset Type
Industrial
Closing
Apr 29, 2021
AI
An industrial property located at 1 Industrial Dr in Danvers, MA was recently sold for $5,800,000. The property spans across 46,547 square feet with a price per square foot of $125. The transaction took place on April 30, 2021.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $5,800,000
- Address: 1 Industrial Dr, Danvers, MA
- Market: Danvers, MA
- Seller: One Industrial Drive, LLC
- Buyer: Rhino Capital
- Seller's Rep: Chris Everest - Nordlund Associates, Inc.
- Buyer's Rep: Chris Decembrele - JLL
The sale of this industrial property was facilitated by Chris Everest from Nordlund Associates, Inc., who represented the seller, One Industrial Drive, LLC. On the buyer's side, Chris Decembrele from JLL acted as the representative for Rhino Capital.
Players
Danvers 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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93