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45 Research Dr Haverhill, M...

Beep Holdings, LLC Acquires 30,360-Square-Foot Industrial Warehouse In Haverhill, MA For $4M
SOLDIndustrial

Beep Holdings, LLC Acquires 30,360-Square-Foot Industrial Warehouse In Haverhill, MA For $4M

45 Research Dr Haverhill, Ma 01832, Usa

$4,000,000

$131/SF

Building Size

30,360 SF

Asset Type

Industrial

Closing

Jul 25, 2023

AI

A 30,360-square-foot warehouse located at 45 Research Drive in Haverhill, MA, has been sold for $4 million. The industrial property was acquired by Beep Holdings, LLC from the seller, Adamson Realty, LLC. Micah Stubblebine of The Stubblebine Company represented both parties in the transaction.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $4,000,000
  • Address: 45 Research Drive, Haverhill, MA
  • Market: Haverhill, MA

Notably, Beep Holdings, LLC will retain Adamson Industries as the building's occupant, ensuring continuity and potentially leveraging the existing business relationship between the two entities.

Players

Micah Stubblebine

The Stubblebine Company

Broker

$132.1M

vol

16 deals

Broker
TC
The Related CosLandlord

Niki Russ Federman

Russ & Daughters

Tenant

$4M

vol

2 deals

Tenant

Boston 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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93