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18 Graf Rd, Newburyport, MA...

18 Graf LLC Acquires Industrial Property In Newburyport, MA For $1.175M
SOLDIndustrial

18 Graf LLC Acquires Industrial Property In Newburyport, MA For $1.175M

18 Graf Rd, Newburyport, MA 01950

$1,175,000

$130/SF

Building Size

9,000 SF

Asset Type

Industrial

Closing

Apr 28, 2022

AI

The industrial property located at 18 Graf Rd in Newburyport, MA has recently been sold. The sale took place on April 29, 2022, with a total sale price of $1,175,000. The property spans across 9,000 square feet, resulting in a price per square foot of $131.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,175,000
  • Date: April 29, 2022
  • Address: 18 Graf Rd, Newburyport, MA
  • Market: Newburyport, MA

18 Graf LLC served as the buyer in the transaction, while Airpark Realty Trust, represented by Katie Martin, acted as the seller. Kevin Olson from Nordlund Associates represented the buyer, and Anthony Triglione, also from Nordlund Associates, represented the seller.

Players

Kevin Olson

Nordlund Associates

Broker

$9.9M

vol

6 deals

Broker

Newburyport 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

13.50%

Cash-on-Cash

-3.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93