Lou Tobias Purchases Industrial Asset From Deb Casey For $1.3M In Newburyport MA
SOLD
$1,300,000
Massachusetts
See Similar DealsIndustrial7,200 SF
Sold 07/31/2025
SOLD
Lou Tobias Purchases Industrial Asset From Deb Casey For $1.3M In Newburyport MA
9 New Pasture Road
See Similar DealsIndustrial7,200 SF
Sold 07/31/2025
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$180
Total Square Footage:7,200 SF
Transaction Type:Sale
The property asset involved is an industrial asset located at 9 New Pasture Road, Newburyport, MA. The transaction concluded with a sale price of $1,300,000, covering a total square footage of 7,200, which results in a price per square foot of $180.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,300,000
- Address: 9 New Pasture Road
- Market: Newburyport, MA
- Square Footage: 7,200
- Price per Square Foot: $180
- Buyer: Lou Tobias
- Seller: Deb Casey
- Brokers: Harrison Klein, Luigi Lessa & Mattias Edenkrans - Marcus & Millichap
- Transaction Date: 7/31/2025
This transaction involved key individuals representing both sides. The buyer, Lou Tobias, and seller, Deb Casey, were guided in the transaction by brokers Harrison Klein, Luigi Lessa, and Mattias Edenkrans, who represented their interests through the Marcus & Millichap agency.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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