Stairhopper Movers Acquires Industrial Property At 140 Linwood Street Lynn For $4.63M
SOLD
$4,631,500
Massachusetts
See Similar DealsIndustrial60,511 SF
Sold 02/27/2025
SOLD
Stairhopper Movers Acquires Industrial Property At 140 Linwood Street Lynn For $4.63M
140 Linwood Street
See Similar DealsIndustrial60,511 SF
Sold 02/27/2025
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$76
Total Square Footage:60,511 SF
Transaction Type:Sale
The property asset involved in this transaction is an industrial building located at 140 Linwood Street in Lynn, MA. The sale price of the property was $4,631,500, encompassing a total square footage of 60,511, which breaks down to a price per square foot of $76.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,631,500
- Address: 140 Linwood Street
- Market: Lynn, MA
- Square Footage: 60,511
- Price Per Square Foot: $76
- Buyer: Stairhopper Movers
- Seller: Mark Amirault - Platinum Realty Trust
- Broker Representatives: Harrison Klein, Luigi Lessa & Mattias Edenkrans - Marcus & Millichap
The key individuals involved in the deal include the buyer Stairhopper Movers and the seller Mark Amirault, who represents Platinum Realty Trust. The brokers facilitating the transaction are Harrison Klein, Luigi Lessa, and Mattias Edenkrans, all associated with Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$247,013.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,454.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,955.67
Annual Debt Service$263,468.07
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