Oliver Street Capital Acquires Industrial Property In Chelsea, MA For $10.05M
SOLD
$10,050,000
Massachusetts
See Similar DealsIndustrial11,010 SF
Sold
SOLD
Oliver Street Capital Acquires Industrial Property In Chelsea, MA For $10.05M
3-7 Griffin Way, Chelsea, Massachusetts, USA
See Similar DealsIndustrial11,010 SF
Sold
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$912
Total Square Footage:11010 SF
Transaction Type:Sale
An industrial property located at 3-7 Griffin Way in Chelsea, MA has been sold for a price of $10,050,000. The property spans across 33,515 square feet, resulting in a price per square foot of $230. The transaction took place on June 17, 2021, and the buyer of the property is Oliver Street Capital.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,050,000
- Address: 3-7 Griffin Way, Chelsea, MA
- Market: Chelsea, MA
- Square Footage: 33,515
- Price per Square Foot: $230
The sale of the property was facilitated by Steve Nohrden from Burgess Properties, who represented Oliver Street Capital as their broker.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$535,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,705.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,642.13
Annual Debt Service$571,705.53
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