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.
Boston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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