Oliver Street Capital Acquires Industrial Property In Lawrence, MA For $15.7M
SOLD
$15,700,000
Massachusetts
See Similar DealsIndustrial90,692 SF
Sold 01/26/2022
SOLD
Oliver Street Capital Acquires Industrial Property In Lawrence, MA For $15.7M
91 Glenn St, Lawrence, Massachusetts 01843, United States
See Similar DealsIndustrial90,692 SF
Sold 01/26/2022
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$173
Total Square Footage:90,692 SF
Transaction Type:Sale
A warehouse property located at 91-101 Glenn St in Lawrence, MA has been sold in a recent transaction. The industrial asset spans across 90,692 square feet, with an impressive price per square foot of $173. The sale was completed on January 12, 2022, and the property was purchased for a total of $15,700,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $15,700,000
- Address: 91-101 Glenn St, Lawrence, MA
- Market: Lawrence, MA
The buyer in this transaction is Oliver Street Capital, while the seller is 91 Glenn St., LLC. The deal was facilitated by Bernard Gibbons from Associated Brokerage Group (ABG), representing the seller's interests.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$837,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$55,778.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$74,426.01
Annual Debt Service$893,112.12
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