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
Peabody Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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