Updated Dec 4, 2024
Starwood Capital Group Acquires Industrial Property In Methuen, MA For $64.1M
100 Danton Drive, Methuen, MA, USA
$64,100,000
$176/SF
Building Size
362,252 SF
Asset Type
Industrial
Closing
Nov 4, 2020
About this deal
AI
The industrial property located at 100 & 200 Danton Drive in Methuen, MA has been sold in a recent transaction. The sale took place on 11/05/2020 and the property was purchased by Starwood Capital Group from Equity Industrial Properties. The property spans a total area of 362,252 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $64,100,000
The sale was facilitated by the team of brokers consisting of Scott Dragos, Douglas Jacoby, Chris Skeffington, and Daniel Hines from CBRE.
Players
Methuen 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93