Updated May 12, 2025
Bob Zwicker Of MassMulch Acquires 3 Acre Industrial Site In Tewksbury For $2.3M
1628 Shawsheen Street & 1636 Shawsheen Street
$2,300,000
Building Size
—
Asset Type
Industrial
Closing
Apr 2, 2025
About this deal
AI
An industrial site spanning 3 acres located at 1628-1636 Shawsheen Street in Tewksbury, MA, has been sold for $2,300,000. This property provides an opportunity for industrial outdoor storage space, reflecting market demands in the area.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,300,000
- Buyer: Bob Zwicker - MassMulch
- Seller: Fortier Family
- Broker: Mike Ogasapian - R.W. Holmes Commercial Real Estate
- Acres: 3
R.W. Holmes facilitated the transaction by representing the Fortier Family, highlighting their role in the sale to MassMulch, which aims to enhance its material storage capabilities due to increasing regional demand.
On the Map
$2,300,000
Industrial
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Tewksbury 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93