Lundgren Equity Partners, LLC Acquires 54,000 SF Industrial Property In Auburn, MA For $3.75M
SOLD
$3,750,000
Massachusetts
See Similar DealsIndustrial54,000 SF
Sold 06/01/2022
SOLD
Lundgren Equity Partners, LLC Acquires 54,000 SF Industrial Property In Auburn, MA For $3.75M
17 Saint Mark Street, Auburn, Massachusetts 01501, United States
See Similar DealsIndustrial54,000 SF
Sold 06/01/2022
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$69
Total Square Footage:54,000 SF
Transaction Type:Sale
An industrial property located at 17 St Mark St in Auburn, MA was recently sold for $3,750,000. The property spans 54,000 square feet, resulting in a price per square foot of $69. The transaction took place on 06/01/2022 and involved Lundgren Equity Partners, LLC as the buyer.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,750,000
- Address: 17 St Mark St
- Market: Auburn, MA
- Buyer: Lundgren Equity Partners, LLC
The sale of the industrial property was facilitated by brokers James Glickman and Nolan Ryan from NAI Glickman Kovago & Jacobs, as well as Harrison Klein and Mark Lyman from Marcus & Millichap | Boston.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$199,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,322.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,776.91
Annual Debt Service$213,322.96
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