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3-7 Griffin Way, Chelsea, M...

Oliver Street Capital Acquires Industrial Property In Chelsea, MA For $10.05M
SOLDIndustrial

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

Stephen Nohrden

Broker

$81.5M

vol

11 deals

Broker

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