Danny Cruz Of Stubblebine Co. Represents Buyer In $4.6M Methuen Industrial Sale
25 Calumet Road
$4,600,000
$160/SF
Building Size
28,754 SF
Asset Type
Industrial
Closing
May 13, 2024
AI
An industrial property spanning 28,754 square feet located at 25 Calumet Rd, Methuen, MA, was recently sold for $4.6 million. The transaction involved Heavenly Investments as the buyer and the Donahue Brothers as the sellers. Danny Cruz of The Stubblebine Company represented Heavenly Investments in the purchase, while the sellers were represented by Michael Harrington of Harrington & Company.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,600,000
- Market: Methuen, MA
- Square Footage: 28,754
- Buyer: Lopang Wayne Moalosi - Heavenly Investments
- Seller: Donahue Brothers
Danny Cruz, acting as the buyer's representative from The Stubblebine Company/CORFAC International, facilitated the acquisition of the industrial property. On the other side, Michael Harrington of Harrington & Company served as the seller's representative in this transaction.
Players
Methuen 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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93