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
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