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65 Parker Street

Gary Snoonian Of Jelise LLC Sells Industrial Condominium In Newburyport For $1.05 Million
SOLDIndustrial

Gary Snoonian Of Jelise LLC Sells Industrial Condominium In Newburyport For $1.05 Million

65 Parker Street

$1,050,000

$137/SF

Building Size

7,630 SF

Asset Type

Industrial

Closing

Jul 19, 2024

AI

An industrial condominium located at 65 Parker Street, Unit 5 in Newburyport, MA, was sold for $1,050,000. The property spans 7,630 square feet, translating to a price per square foot of $138. This flex industrial space is situated within Seaport Business Park, conveniently adjacent to Route 1 and the MBTA Commuter Rail Station.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,050,000
  • Square Footage: 7,630
  • Price Per Square Foot: $138
  • Address: 65 Parker Street, Unit 5, Newburyport, MA
  • Seller: Gary Snoonian - Jelise, LLC
  • Broker: Anthony Triglione - Nordlund Associates

Anthony Triglione of Nordlund Associates played a significant role in facilitating this transaction on behalf of the property owner, Jelise, LLC. The transaction was finalized on July 19, 2024, highlighting the ongoing activity in the industrial real estate market in the area.

Players

Anthony Triglione

Nordlund Associates

Broker

$33.8M

vol

12 deals

Broker

Newburyport 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

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93