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Bob Zwicker Of MassMulch Acquires 3 Acre Industrial Site In Tewksbury For $2.3M
SOLD
$2,300,000
Massachusetts
See Similar DealsIndustrial
Sold 04/02/2025
SOLD
Bob Zwicker Of MassMulch Acquires 3 Acre Industrial Site In Tewksbury For $2.3M
1628 Shawsheen Street & 1636 Shawsheen Street
See Similar DealsIndustrial
Sold 04/02/2025
Summary
MASSACHUSETTS
Asset Type:Industrial
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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