18 Graf LLC Acquires Industrial Property In Newburyport, MA For $1.175M
SOLD
$1,175,000
Massachusetts
See Similar DealsIndustrial9,000 SF
Sold 04/29/2022
SOLD
18 Graf LLC Acquires Industrial Property In Newburyport, MA For $1.175M
18 Graf Rd, Newburyport, MA 01950
See Similar DealsIndustrial9,000 SF
Sold 04/29/2022
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$130
Total Square Footage:9,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,174.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,570.10
Annual Debt Service$66,841.19
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