Updated Oct 28, 2024
JVJ Solutions Acquires Industrial Property In Lawrence, MA For $6.5M
21 Glenn Street, Lawrence, Massachusetts, USA
$6,500,000
$69/SF
Building Size
93,580 SF
Asset Type
Industrial
Closing
Jul 30, 2020
About this deal
AI
Located at 21 Glenn St in Lawrence, MA, this industrial property was recently sold on July 30, 2021. The transaction was facilitated by David Stubblebine and James Stubblebine, with David & James Stubblebine representing The Stubblebine Company/CORFAC International as the brokers. The property spans 93,580 square feet and sits on a 5.4-acre lot.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $6,500,000
- Price per Square Foot: $69
- Total Acres: 5.4
- Price per Acre: $1,203,704
- Buyer: JVJ Solutions - John Hernandez
- Brokers: David & James Stubblebine - The Stubblebine Company/CORFAC International
John Hernandez, representing JVJ Solutions, served as the buyer in this transaction. The deal was successfully negotiated by David Stubblebine and James Stubblebine, who played key roles as brokers from The Stubblebine Company/CORFAC International.
Players
Lawrence 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93