Oliver Street Capital Acquires Industrial Property In Chelsea, MA For $10.05M
3-7 Griffin Way, Chelsea, Massachusetts, USA
$10,050,000
$912/SF
Building Size
11,010 SF
Asset Type
Industrial
Closing
Jun 17, 2020
AI
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.
Players
Chelsea 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
1.58%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93