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
Haverhill 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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93