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45 Fondi Rd, Haverhill, MA ...

BirchPoint LLC & Lizwob Realty LLC Acquire Industrial Property In Haverhill, MA For $7.4M
SOLDIndustrial

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

David Stubblebine

The Stubblebine Company

Broker

$313.6M

vol

31 deals

Broker

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