BirchPoint LLC & Lizwob Realty LLC Acquire Industrial Property In Haverhill, MA For $7.4M
SOLD
$7,400,000
+ 2
Massachusetts
See Similar DealsIndustrial61,000 SF
Sold 09/29/2020
SOLD
BirchPoint LLC & Lizwob Realty LLC Acquire Industrial Property In Haverhill, MA For $7.4M
45 Fondi Rd, Haverhill, MA 01832, USA
See Similar DealsIndustrial61,000 SF
Sold 09/29/2020
+ 2
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$121
Total Square Footage:61,000 SF
Transaction Type:Sale
The industrial property located at 45 Fondi Road in Haverhill, MA has been sold in a recent transaction. The property spans 61,000 square feet and was sold for a total price of $7,400,000, resulting in a price per square foot of $121. The sale took place on September 29, 2020.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,400,000
- Address: 45 Fondi Road, Haverhill, MA
- Market: Haverhill, MA
BirchPoint LLC and Lizwob Realty LLC were the buyers of the property. On the buyer's side, the deal was represented by David Stubblebine, James Stubblebine, Micah Stubblebine, and Ellen Garthoff from The Stubblebine Company. The sellers were represented by Jonathan Aron from KeyPoint Partners, LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$394,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,290.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,079.78
Annual Debt Service$420,957.30
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