Updated Oct 12, 2026
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
About this deal
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.
On the Map
$8,550,000
$164/SF
Industrial
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Players
Peabody 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
1.86%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93