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3 Technology Dr, Peabody, M...

The Seyon Group & Wheelock Street Capital Acquire Industrial Property In Peabody, MA For $30.1M
SOLDIndustrial

The Seyon Group & Wheelock Street Capital Acquire Industrial Property In Peabody, MA For $30.1M

3 Technology Dr, Peabody, MA 01960, USA

$30,100,000

$18/SF

Building Size

1,595,000 SF

Asset Type

Industrial

Closing

Sep 20, 2020

AI

The industrial property located at 3 Technology Drive in Peabody, MA has been sold in a transaction valued at $30,100,000. Spanning a total area of 159,500 square feet, the property was sold at a price of $189 per square foot.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $30,100,000
  • Address: 3 Technology Drive, Peabody, MA
  • Market: Peabody, MA
  • Square Footage: 159,500
  • Price per Square Foot: $189

The seller of the property was SKJ Realty Limited Partnership, while the buyers were The Seyon Group and Wheelock Street Capital. The transaction was facilitated by Frank Petz and Greg Klemmer from Colliers International.

Players

Frank Petz

Colliers

Broker

$1.3B

vol

29 deals

Broker
Wheelock Street Capital
Wheelock Street CapitalBuyer

Peabody 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

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93