Berkeley Partners Acquires Industrial Property In Peabody, MA For $8.55M
SOLD
$8,550,000
Massachusetts
See Similar DealsIndustrial51,900 SF
Sold 08/06/2020
SOLD
Berkeley Partners Acquires Industrial Property In Peabody, MA For $8.55M
10 Technology Dr, Peabody, Massachusetts, USA
See Similar DealsIndustrial51,900 SF
Sold 08/06/2020
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$164
Total Square Footage:51,900 SF
Transaction Type:Sale
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
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$456,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,376.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,531.36
Annual Debt Service$486,376.34
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