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748-752 Western Avenue Lynn...

Chaves Group LLC Acquires Industrial Warehouse In Lynn, MA For $1.8M
SOLDIndustrial

Chaves Group LLC Acquires Industrial Warehouse In Lynn, MA For $1.8M

748-752 Western Avenue Lynn, Massachusetts 01905, USA

$1,800,000

$206/SF

Building Size

8,719 SF

Asset Type

Industrial

Closing

Jul 21, 2023

AI

An 8,719 square-foot industrial warehouse located at 748-752 Western Avenue in Lynn, MA, has been sold for $1.8 million. The property sits on 0.618 acres of land and features frontage on Western Ave. The sale price per square foot was $206.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $1,800,000
  • Address: 748-752 Western Avenue, Lynn, MA
  • Market: Lynn, MA

Chaves Group LLC purchased the industrial warehouse, assisted by Brian Triglione from Nordlund Associates. The seller, 748-752 Western Ave, LLC, was represented by Todd Koss from Lillian Montalto Real Estate. The transaction was completed on July 21, 2023.

Players

Todd Koss⁠

Lillian Montalto

Broker

$7M

vol

2 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

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93