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Beep Holdings, LLC Acquires 30,360-Square-Foot Industrial Warehouse In Haverhill, MA For $4M
SOLD
$4,000,000
Massachusetts
See Similar DealsIndustrial30,360 SF
Sold 07/25/2023
SOLD
Beep Holdings, LLC Acquires 30,360-Square-Foot Industrial Warehouse In Haverhill, MA For $4M
45 Research Dr Haverhill, Ma 01832, Usa
See Similar DealsIndustrial30,360 SF
Sold 07/25/2023
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$131
Total Square Footage:30,360 SF
Transaction Type:Sale
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
LANDLORD
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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