Miles Gas Acquires Industrial Property In Chelsea, MA For $1.8M
SOLD
$1,800,000
Massachusetts
See Similar DealsIndustrial
Sold
SOLD
Miles Gas Acquires Industrial Property In Chelsea, MA For $1.8M
410 Beacham Street, Chelsea, Massachusetts 02150, United States
See Similar DealsIndustrial
Sold
Summary
MASSACHUSETTS
Asset Type:Industrial
Transaction Type:Sale
An industrial property located at 410 Beacham Street in Chelsea, MA has been sold for $1,800,000. The property, which is owned by Beacham Realty, LLC, was purchased by Miles Gas. The transaction was facilitated by brokers David Skinner, James Stubblebine, and David Stubblebine from The Stubblebine Company/CORFAC International.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,800,000
- Date: 12/20/2022
- Address: 410 Beacham Street
- Market: Chelsea, MA
The deal involved the buyer, Miles Gas, acquiring the industrial property located at 410 Beacham Street in Chelsea, MA from Beacham Realty, LLC. The transaction took place on 12/20/2022 and was facilitated by brokers David Skinner, James Stubblebine, and David Stubblebine from The Stubblebine Company/CORFAC International.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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