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
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