Burgess Properties Facilitates $7.5M Industrial Sale On Griffin Way In Chelsea, MA
SOLD
$7,500,000
Massachusetts
See Similar DealsIndustrial20,060 SF
Sold
SOLD
Burgess Properties Facilitates $7.5M Industrial Sale On Griffin Way In Chelsea, MA
25 Griffin Way, Chelsea, Massachusetts, USA
See Similar DealsIndustrial20,060 SF
Sold
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$373
Total Square Footage:20,060 SF
Transaction Type:Sale
The industrial property located at 25 Griffin Way in Chelsea, MA was recently sold for a total price of $7,500,000. The property spans across 25,000 square feet, resulting in a price per square foot of $300. Situated on 1.27 acres of land, the property was valued at approximately $5,905,511 per acre.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,500,000
- Address: 25 Griffin Way, Chelsea, MA
- Market: Chelsea, MA
- Size: 25,000 square feet
- Price per Square Foot: $300
- Acres: 1.27
- Price per Acre: $5,905,511
The sale of the property was facilitated by Steve Nohrden from Burgess Properties. Steve Nohrden represented the parties involved in the transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$400,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92
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