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:
- Property Type: Industrial
- Transaction Amount: $39,875,000
- Address: 626 Lynnway
- Market: Lynn, MA
- Square Footage: 235,000
- Price per Square Foot: $169
- Buyer: North River Company
- Seller: A. W. Perry
- Brokers: Frank Petz, Matthew Sherry, Rob Schlesinger, Daniel Hincks, Jack Barrett & Joe Gaziano - Colliers
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
Lynn Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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