Updated Oct 28, 2024
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
About this deal
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
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