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8 Opportunity Way, Newburyp...

The Right Opportunity LLC Acquires Industrial Property In Newburyport, MA For $2.1M
SOLDIndustrial

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

Alexander Koziakov

Compass

Broker

$21.5M

vol

7 deals

Broker

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