Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,050,000
$137/SF
Industrial
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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