Updated Oct 28, 2024
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
$3,750,000
$69/SF
Building Size
54,000 SF
Asset Type
Industrial
Closing
May 31, 2022
About this deal
AI
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.
Players
Auburn 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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93