facebook
Traded Co logo
Submit

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

Property Image
SOLD
$4,800,000

Massachusetts

See Similar Deals
Industrial26,471 SF
Sold 05/19/2023
the dealplayerscompscontact
Property Image
SOLD

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

95 Sam Fonzo Dr Beverly, MA 01915, USA

See Similar Deals
Industrial26,471 SF
Sold 05/19/2023
Contact now

Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$181
Total Square Footage:26,471 SF
Transaction Type:Sale

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
5 deals$15.8M volume(617) 850-9620
BROKER

Details

SOLD
IMAGE: Daniel Dewing DATE: 05/19/2023 ADDRESS: 95 Sam Fonzo Drive MARKET: Beverly, MA ASSET TYPE: Industrial BUYER: CC Fabricating - Cameron Mower SELLER: QS Lending - Steve Ross SELLER'S REP: Daniel Dewing - Boston Realty Advisors SALE PRICE: $4,800,000 SF: 26,471 ~ PPSF: $181

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$256,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39