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1628 Shawsheen Street

Bob Zwicker Of MassMulch Acquires 3 Acre Industrial Site In Tewksbury For $2.3M
SOLDIndustrial

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

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:

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.

Players

Mike Ogasapian

R.W. Holmes Commercial Real Estate

Broker

$20.3M

vol

12 deals

Broker

Tewksbury 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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93