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:
- Property Type: Industrial
- Transaction Amount: $1,230,000
- Square Footage: 6,800
- Address: 2D Fanaras Drive
- Market: Salisbury, MA
- Price Per Square Foot: $180
- Buyer: Peter Calandra
- Seller: Gordie Spader
- Seller's Representatives: Harrison Klein, Luigi Lessa & Mattias Edenkrans - Marcus & Millichap
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
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