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
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