The Right Opportunity LLC Acquires Industrial Property In Newburyport, MA For $2.1M
SOLD
$2,100,000
Massachusetts
See Similar DealsIndustrial21,690 SF
Sold
SOLD
The Right Opportunity LLC Acquires Industrial Property In Newburyport, MA For $2.1M
8 Opportunity Way, Newburyport, MA, USA
See Similar DealsIndustrial21,690 SF
Sold
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$96
Total Square Footage:21690 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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