The Seyon Group & Wheelock Street Capital Acquire Industrial Property In Peabody, MA For $30.1M
SOLD
$30,100,000
Massachusetts
See Similar DealsIndustrial1,595,000 SF
Sold 09/21/2020
SOLD
The Seyon Group & Wheelock Street Capital Acquire Industrial Property In Peabody, MA For $30.1M
3 Technology Dr, Peabody, MA 01960, USA
See Similar DealsIndustrial1,595,000 SF
Sold 09/21/2020
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$18
Total Square Footage:1,595,000 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,605,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$106,938.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,689.36
Annual Debt Service$1,712,272.28
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