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25 Calumet Road

Danny Cruz Of Stubblebine Co. Represents Buyer In $4.6M Methuen Industrial Sale
SOLDIndustrial

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

Danny Cruz

The Stubblebine Company

Broker

$14M

vol

11 deals

Broker

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