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
Newburyport 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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93