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140 Linwood Street

Stairhopper Movers Acquires Industrial Property At 140 Linwood Street Lynn For $4.63M
SOLDIndustrial

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

Harrison Klein

Marcus & Millichap

Broker

$177.2M

vol

47 deals

Broker

Lynn 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

3.43%

Cash-on-Cash

-0.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93