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94 Glenn Street, Lawrence, ...

Updated Oct 28, 2024

Eric Brooks Sells Industrial Property In Lawrence, MA For $37.5M
SOLDIndustrial

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

Joseph Kassin

Kassin Sabbagh Realty

Broker

$1.1B

vol

14 deals

Broker

Lawrence Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $180 per square foot on a published $37.5M for 208,000 square feet (2021).

Visit Steven Pollan to view all their deals.

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

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