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17 Saint Mark Street, Aubur...

Lundgren Equity Partners, LLC Acquires 54,000 SF Industrial Property In Auburn, MA For $3.75M
SOLDIndustrial

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

James Glickman

NAI Global

Broker

$51.4M

vol

9 deals

Broker
Lundgren Equity Partners, LLC
Lundgren Equity Partners, LLCBuyer

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