Updated Dec 21, 2023
North Corners Acquires Industrial Property On Lynnfield Street In Peabody, MA For $1.78M
143 Lynnfield St, Peabody, MA 01960, USA
$1,780,000
$3/SF
Building Size
498,762 SF
Asset Type
Industrial
Closing
Nov 23, 2022
About this deal
AI
An industrial property located at 143 Lynnfield Street in Peabody, MA has been sold in a recent transaction. The property spans across 498,762 square feet, and the sale price amounted to $1,780,000, resulting in a price per square foot of $4. The transaction took place on November 23, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,780,000
- Address: 143 Lynnfield Street, Peabody, MA
- Square Footage: 498,762
- Price per Square Foot: $4
- Market: Peabody, MA
The buyer was represented by Jason Cruz from North Corners, while the seller was represented by Chris Everest from Nordlund Associates. These individuals played crucial roles in facilitating the transaction.
Players
Peabody 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
8.91%
Cash-on-Cash
-2.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93