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410 Beacham Street, Chelsea...

Miles Gas Acquires Industrial Property In Chelsea, MA For $1.8M
SOLDIndustrial

Miles Gas Acquires Industrial Property In Chelsea, MA For $1.8M

410 Beacham Street, Chelsea, Massachusetts 02150, United States

$1,800,000

Building Size

Asset Type

Industrial

Closing

Dec 20, 2022

AI

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.

Players

David Stubblebine

The Stubblebine Company

Broker

$313.6M

vol

31 deals

Broker

Chelsea 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

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93