Updated Aug 26, 2026
Ultimate Realty Acquires Industrial Property In Springfield Massachusetts From Eric Lombardi For $9.5M
121 Memorial Drive
Building Size
67,000 SF
Asset Type
Industrial
Closing
Aug 17, 2026
About this deal
AI
The property asset involved in this transaction is located at 121 Memorial Drive, Springfield, MA, comprising an industrial asset that spans 75,500 square feet on a 6.6-acre lot. The transaction was finalized on August 17, 2026.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Buyer: Ultimate Realty - Mark Sabbagh & Michael Sabbagh
- Seller: Eric Lombardi
- Brokers: David Warren & Amet Liranzo - KSR
The individuals involved in the transaction include Mark Sabbagh and Michael Sabbagh representing the buyer, Ultimate Realty, while Eric Lombardi is noted as the seller. The deal was brokered off-market, with David Warren and Amet Liranzo facilitating the transaction through KSR. The brokers are open to discussing off-market industrial opportunities nationwide.
Players
Springfield 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93