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10 Creek Brook Drive, Haver...

Scout Cold Storage Haverhill, LLC Acquires Industrial Property In Haverhill, MA For $36M
SOLDIndustrial

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

Lenny Pierce

JLL

Broker

$141.1M

vol

11 deals

Broker

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