The Right Opportunity LLC Acquires Industrial Property In Newburyport, MA For $2.1M
8 Opportunity Way, Newburyport, MA, USA
$2,100,000
$96/SF
Building Size
21,690 SF
Asset Type
Industrial
Closing
Feb 17, 2021
AI
The industrial property located at 8 Opportunity Way in Newburyport, MA has been sold for a transaction amount of $2,100,000. The property spans a total area of 21,690 square feet, resulting in a price per square foot of $97. The sale took place on February 18, 2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,100,000
- Address: 8 Opportunity Way, Newburyport, MA
- Market: Newburyport, MA
The seller of the property was 8 Opportunity Way LLC, while the buyer was The Right Opportunity LLC. Alexander Koziakov and John Yemma from Compass represented the seller in the deal, while Austin Spinella from Coldwell Banker represented the buyer.
Players
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93