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1775 Lock Dr,Leominster, MA

John McKenna Acquires Industrial Property In Leominster, MA For $1.46M
SOLDIndustrial

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

Ben Snyder

Matthews

Broker

$118.1M

vol

11 deals

Broker

John Glowik

Seller

$3.5M

vol

2 deals

Seller

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