Scout Cold Storage Haverhill, LLC Acquires Industrial Property In Haverhill, MA For $36M
10 Creek Brook Drive, Haverhill, Massachusetts 01832, United States
$36,000,000
$331/SF
Building Size
108,689 SF
Asset Type
Industrial
Closing
Sep 28, 2022
AI
Scout Cold Storage Haverhill, LLC has acquired a 23.16-acre industrial property located at 10 Creek Brook Drive in Haverhill, MA. The property was sold by CF Cold Storage LLC for a total of $36,000,000. The transaction was facilitated by brokers Michael Restivo, Lenny Pierce, and David Coffman from JLL. The property spans 108,689 square feet, resulting in a price per square foot of $331.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $36,000,000
- Address: 10 Creek Brook Drive, Haverhill, MA
- Market: Haverhill, MA
- Buyer: Scout Cold Storage Haverhill, LLC
- Seller: CF Cold Storage LLC
- Brokers: Michael Restivo, Lenny Pierce, and David Coffman - JLL
- Property Size: 23.16 acres
- Square Footage: 108,689
- Price per Square Foot: $331
Lenny Pierce, Michael Restivo, and David Coffman from JLL played an instrumental role in facilitating this transaction. Their expertise and guidance helped finalize the deal between Scout Cold Storage Haverhill, LLC and CF Cold Storage LLC. The acquisition of this industrial property in Haverhill, MA marks a significant investment opportunity for the buyer.
Players
Haverhill 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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93