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.
Bromelton 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93