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2d Fanaras Drive

Peter Calandra Purchases Industrial Property In Salisbury Massachusetts For $1.23M From Gordie Spader
SOLDIndustrial

Peter Calandra Purchases Industrial Property In Salisbury Massachusetts For $1.23M From Gordie Spader

2d Fanaras Drive

$1,230,000

$180/SF

Building Size

6,800 SF

Asset Type

Industrial

Closing

Mar 20, 2025

AI

The property asset involved in this transaction is an industrial space located at 2D Fanaras Drive in Salisbury, MA. The property has a total square footage of 6,800 and was sold for a transaction amount of $1,230,000, resulting in a price per square foot of $180.

Summary of transaction details:

Key individuals in this transaction include Peter Calandra, the buyer, and Gordie Spader, the seller. The seller’s representation was handled by Harrison Klein, Luigi Lessa, and Mattias Edenkrans from Marcus & Millichap, highlighting the collaboration of experienced professionals in executing the deal.

Players

Harrison Klein

Marcus & Millichap

Broker

$177.2M

vol

47 deals

Broker

Salisbury 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

12.90%

Cash-on-Cash

-3.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93