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95 Sam Fonzo Dr Beverly, MA...

CC Fabricating Acquires Industrial Property In Beverly, MA For $4.8M
SOLDIndustrial

CC Fabricating Acquires Industrial Property In Beverly, MA For $4.8M

95 Sam Fonzo Dr Beverly, MA 01915, USA

$4,800,000

$181/SF

Building Size

26,471 SF

Asset Type

Industrial

Closing

May 19, 2023

AI

The industrial property located at 95 Sam Fonzo Drive in Beverly, MA has been sold in a closed transaction. The property spans 26,471 square feet and was sold for a total price of $4,800,000, resulting in a price per square foot of $181. The sale was facilitated by Daniel Dewing of Boston Realty Advisors, who represented the seller's representative, QS Lending, in the deal.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,800,000
  • Address: 95 Sam Fonzo Drive, Beverly, MA
  • Market: Beverly, MA
  • Buyer: CC Fabricating - Cameron Mower
  • Seller: QS Lending - Steve Ross
  • Seller's Representative: Daniel Dewing - Boston Realty Advisors
  • Square Footage: 26,471
  • Price per Square Foot: $181

CC Fabricating, represented by Cameron Mower, acquired the property from QS Lending, with Steve Ross acting as their representative in the transaction. This successful deal demonstrates the strong industrial market in Beverly, MA, and showcases the expertise of Daniel Dewing and Boston Realty Advisors in facilitating property transactions.

Players

Daniel Dewing

Boston Realty Advisors

Broker

$15.8M

vol

5 deals

Broker

Boston 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

3.30%

Cash-on-Cash

-0.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93