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25 Computer Drive, Haverhil...

NorthBridge Partners Acquires Industrial Property In Haverhill, MA For $43M
SOLDIndustrial

NorthBridge Partners Acquires Industrial Property In Haverhill, MA For $43M

25 Computer Drive, Haverhill, MA, USA

$43,000,000

$298/SF

Building Size

144,000 SF

Asset Type

Industrial

Closing

Aug 25, 2021

AI

The industrial property located at 25 Computer Drive in Haverhill, MA has been sold in a recent transaction. The property, measuring approximately 144,000 square feet, was sold for a total price of $43,000,000, resulting in a price per square foot of $299. The seller of the property was Eastern Real Estate, while the buyer was NorthBridge Partners.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $43,000,000
  • Address: 25 Computer Drive, Haverhill, MA
  • Market: Haverhill, MA
  • Seller: Eastern Real Estate
  • Buyer: NorthBridge Partners

The deal involved the collaboration of several individuals and companies. Edward Maher, Brian Pinch, Robert Griffin, Matthew Pullen, Tony Coskren, and Samantha Hallowell were prominently involved in the transaction.

Players

Northbridge Partners
Northbridge PartnersBrokerage

Haverhill Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.37%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93