John McKenna Acquires Industrial Property In Leominster, MA For $1.46M
1775 Lock Dr,Leominster, MA
$1,465,000
$325/SF
Building Size
4,500 SF
Asset Type
Industrial
Closing
Nov 17, 2022
AI
A 4,500 square foot industrial property located at 1775 Lock Dr in Leominster, MA has been sold for $1,465,000. The property was sold in a closed transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,465,000
- Square Footage: 4,500
- Price per Square Foot: $326
- Address: 1775 Lock Dr, Leominster, MA
- Market: Leominster, MA
The buyer in this transaction was John McKenna, and the seller was John Glowik. The transaction was facilitated by Alexander Machado, Daniel Gonzalez, Rob Goldberg, and Ben Snyder from Matthews Real Estate Investment Services.
Players
Leominster 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
10.83%
Cash-on-Cash
-3.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93