Updated Oct 28, 2024
Eric Brooks Sells Industrial Property In Lawrence, MA For $37.5M
94 Glenn Street, Lawrence, Massachusetts, USA
$37,500,000
$180/SF
Building Size
208,000 SF
Asset Type
Industrial
Closing
Oct 29, 2021
About this deal
AI
An industrial property located at 94 Glenn St in Lawrence, MA has been sold for a total of $37,500,000. The property spans across 12.24 acres and offers a total square footage of 208,000. The sale price per square foot is $180. The transaction took place on October 29, 2021.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $37,500,000
- Address: 94 Glenn St, Lawrence, MA
- Market: Lawrence, MA
- Acres: 12.24
- Square Footage: 208,000
- Price per Square Foot: $180
The seller of the property is Eric Brooks, representing Brooks Properties. The brokers involved in the deal are Steven Pollan and Joseph Kassin from Kassin Sabbagh Realty.
Kassin Sabbagh Realty (KSR) is steadily expanding its presence in various industrial markets across the United States, with a specific focus on the East Coast along the I-95 Corridor. For those interested in buying, selling, or leasing industrial properties nationwide, feel free to reach out to [email protected] or [email protected].
Players
Lawrence 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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93