Stairhopper Movers Acquires Industrial Property At 140 Linwood Street Lynn For $4.63M
140 Linwood Street
$4,631,500
$76/SF
Building Size
60,511 SF
Asset Type
Industrial
Closing
Feb 27, 2025
AI
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.
Players
Lynn Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.43%
Cash-on-Cash
-0.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93