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
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
Loading comparables…
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