Updated Aug 20, 2026
Nicholas Campofranco Of Luzern Associates Acquires Industrial Campus In Danvers For $47.7M
33 Cherry Hill Drive, 37 Cherry Hill Drive & 35 Cherry Hill Drive
$47,700,000
Building Size
—
Asset Type
Industrial
Closing
Aug 18, 2026
About this deal
AI
Luzern Associates acquired an industrial campus located at 33, 35 and 37 Cherry Hill Drive in Danvers, MA. The transaction was valued at $47.7 million. The property consists of three buildings, which are leased to Medtronic and G&F Precision Molding.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $47,700,000
- Buyer: Nicholas Campofranco - Luzern Associates
- Seller: R.J. Kelly & John O’Connor - Battery Global Advisors
- Broker: Scott Dragos - CBRE
In this transaction, CBRE represented the seller, R.J. Kelly and John O’Connor, providing brokerage services throughout the sale process.
On the Map
$47,700,000
Industrial
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Players
Cherry Hill 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
0.33%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93