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626 Lynnway, Lynn, MA, USA

AW Perry Acquires Industrial Property In Lynn, MA For $11.2M
SOLDIndustrial

AW Perry Acquires Industrial Property In Lynn, MA For $11.2M

626 Lynnway, Lynn, MA, USA

$11,200,000

$54/SF

Building Size

206,113 SF

Asset Type

Industrial

Closing

Jan 11, 2021

AI

The industrial property located at 626 Lynnway & 680 Lynnway in Lynn, MA has been sold. The property spans across 17 acres and has been transacted at a price of $11,200,000. The buyer of the property is AW Perry, while the seller is Dean Foods Company. The transaction was facilitated by Scott Gredler of Cushman & Wakefield.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $11,200,000
  • Address: 626 Lynnway & 680 Lynnway, Lynn, MA
  • Market: Lynn, MA
  • Buyer: AW Perry
  • Seller: Dean Foods Company
  • Broker: Scott Gredler - Cushman & Wakefield

The sale of the industrial property in Lynn, MA was finalized on January 12, 2021. The property spans a total of 17 acres and was sold at a rate of approximately $647,399 per acre. The transaction reflects the active industrial real estate market in the area and the involvement of key individuals and companies, such as AW Perry as the buyer and Dean Foods Company as the seller. Scott Gredler of Cushman & Wakefield represented the buyer and seller in the deal.

Players

Scott Gredler

Cushman & Wakefield

Broker

$11.2M

vol

3 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

1.42%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93