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626 Lynnway

North River Company Acquires Industrial Property From A. W. Perry For $39.9M In Lynn MA
SOLDIndustrial

North River Company Acquires Industrial Property From A. W. Perry For $39.9M In Lynn MA

626 Lynnway

$39,875,000

$169/SF

Building Size

235,000 SF

Asset Type

Industrial

Closing

Mar 12, 2026

AI

The property asset involved in this transaction is located at 626 Lynnway, Lynn, MA. It is an industrial asset consisting of a total of 235,000 square feet. The sale price for the property was $39,875,000, which reflects a price per square foot of $169. The asset also includes 9 acres designated for Industrial Outdoor Storage.

Summary of transaction details:

The transaction saw North River Company acquiring the portfolio from A.W. Perry, facilitated by the brokerage team at Colliers, which comprised six representatives. This team played a crucial role in bringing the sale of 626-680 Lynnway to completion.

Players

Matthew Sherry

Colliers

Broker

$1.3B

vol

27 deals

Broker

Lynn 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

0.40%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93