facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Industrial

/

Sale

/

9 New Pasture Road

Lou Tobias Purchases Industrial Asset From Deb Casey For $1.3M In Newburyport MA
SOLDIndustrial

Lou Tobias Purchases Industrial Asset From Deb Casey For $1.3M In Newburyport MA

9 New Pasture Road

$1,300,000

$180/SF

Building Size

7,200 SF

Asset Type

Industrial

Closing

Jul 30, 2025

AI

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

Harrison Klein

Marcus & Millichap

Broker

$177.2M

vol

47 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Newburyport 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93