facebook

traded

+ Submit
Home

/

Deals

/

Queensland

/

Industrial

/

Sale

/

56 Mitchell Rd

Nordlund Associates Completes $2.1M Sale Of 11.4K Sq Ft Industrial Facility In Ipswich, MA
SOLDIndustrial

Nordlund Associates Completes $2.1M Sale Of 11.4K Sq Ft Industrial Facility In Ipswich, MA

56 Mitchell Rd

$2,100,000

$183/SF

Building Size

11,425 SF

Asset Type

Industrial

Closing

Apr 28, 2023

AI

Real estate firm Nordlund Associates has announced the completion of the sale of an industrial facility in Ipswich, MA. The property, located at 56 Mitchell Road, spans 1.58 acres and features a building with 11,425 square feet of space. The facility was sold for $2.1 million, at a rate of $184 per square foot.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $2,100,000
  • Address: 56 Mitchell Rd, Ipswich, MA
  • Market: Ipswich, MA
  • Size: 1.58 acres
  • Square Footage: 11,425

The seller in this transaction was STRACK LLC, represented by Anthony Triglione of Nordlund Associates. The buyer was represented by Red Dome Realty. Nordlund Associates acted as the broker for the seller, facilitating the deal. The transaction marks the successful sale of the industrial facility, showcasing the expertise and negotiation skills of Anthony Triglione and the Nordlund Associates team.

Note: Real estate firm Nordlund Associates has announced the completion of the sale of an 11,425 sq ft industrial facility situated on 1.58 acres at 56 Mitchell Road in Ipswich, MA. The property was sold for $2.1m at a rate of $184 per sq ft and the deal was brokered by Nordlund Associates on behalf of the seller, while Red Dome Realty represented the buyer.

Players

Anthony Triglione

Nordlund Associates

Broker

$33.8M

vol

12 deals

Broker

Bromelton 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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93