facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Industrial

/

Sale

/

10 Technology Dr, Peabody, ...

Berkeley Partners Acquires Industrial Property In Peabody, MA For $8.55M
SOLDIndustrial

Berkeley Partners Acquires Industrial Property In Peabody, MA For $8.55M

10 Technology Dr, Peabody, Massachusetts, USA

$8,550,000

$164/SF

Building Size

51,900 SF

Asset Type

Industrial

Closing

Aug 6, 2020

AI

The industrial property located at 10 Technology Dr in Peabody, MA has been sold for a total of $8,550,000. The property spans across 51,900 square feet, resulting in a price per square foot of $165. The transaction took place on 08/06/2021.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $8,550,000
  • Address: 10 Technology Dr
  • Market: Peabody, MA

The seller of the property was Rincon Companies, while the buyer was Berkeley Partners. The deal was facilitated by brokers Leigh Freudenheim and Tyler Ewing from Freudenheim Partners.

Players

Leigh Freudenheim

Freudenheim Partners

Broker

$39.1M

vol

6 deals

Broker
BP
Berkeley PartnersBuyer
RC
Rincon CompaniesSeller

Peabody Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.86%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93