Brian Jones Acquires Industrial Asset From Louis Minicucci In Lynn For $4.3M
150 Blossom Street
$4,300,000
$199/SF
Building Size
21,560 SF
Asset Type
Industrial
Closing
Mar 3, 2026
AI
This industrial property, located at 150 Blossom Street in Lynn, MA, has a sale price of $4,300,000. The asset spans 21,560 square feet, translating to a price per square foot of $199.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,300,000
- Address: 150 Blossom Street
- Market: Lynn, MA
- Square Footage: 21,560
- Price per Square Foot: $199
- Buyer: Brian Jones
- Seller: Louis Minicucci
- Brokers: Mattias Edenkrans, Luigi Lessa & Harrison Klein - Marcus & Millichap
The transaction involved key figures including buyer Brian Jones and seller Louis Minicucci, with representation from brokers Mattias Edenkrans, Luigi Lessa, and Harrison Klein from Marcus & Millichap, facilitating the sale of the industrial asset.
Players
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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93