BirchPoint LLC & Lizwob Realty LLC Acquire Industrial Property In Haverhill, MA For $7.4M
45 Fondi Rd, Haverhill, MA 01832, USA
$7,400,000
$121/SF
Building Size
61,000 SF
Asset Type
Industrial
Closing
Sep 28, 2020
AI
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.
Players
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
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93