Updated Oct 28, 2024
Newark Street Partners Acquires Industrial Property In Haverhill For $1.6M
34 Newark St, Haverhill, Massachusetts, USA
$1,600,000
$147/SF
Building Size
10,850 SF
Asset Type
Industrial
Closing
Aug 6, 2020
About this deal
AI
Located in Haverhill, MA, an industrial property located at 34 Newark St has been sold in a closed transaction. The property spans approximately 10,850 square feet. The sale was completed on August 6, 2021.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $1,600,000
- Price per Square Foot: $147
- Address: 34 Newark St, Haverhill, MA
The seller of the property was NEW LLC, while the buyer was Newark Street Partners, LLC. The sale was facilitated by Micah Stubblebine from The Stubblebine Company/CORFAC International acting as the broker for the deal.
Haverhill 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93