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1000 Stewards Crossing, Law...

1000 Stewards Crossing
SOLDMultiFamily

1000 Stewards Crossing

1000 Stewards Crossing, Lawrence To...

$52,000,000

$216/SF

Building Size

240,000 SF

Asset Type

MultiFamily

Closing

Nov 19, 2023

AI

The property asset involved in the transaction is located at 1000 Stewards Crossing, Lawrence. It is situated in the Lawrence market, has a total square footage of 240,000, and was sold for $52,000,000.00.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $52,000,000.00
  • Address: 1000 Stewards Crossing, Lawrence
  • Market: Lawrence
  • Square Footage: 240,000
  • Seller: Merion Realty Partners
  • Buyer: The Berkshire Group
  • Seller's Representatives: Kevin O’Heam, Mark Thomson, Carl Fiebig, Francis (Fran) Coyne - JLL

The transaction involved key individuals and companies, with Merion Realty Partners as the seller and The Berkshire Group as the buyer. The deal was represented by four brokers from JLL, highlighting a collaborative team approach in facilitating the sale.

Players

Francis Coyne

JLL

Broker

$692.3M

vol

10 deals

Broker
MP
Merion Realty PartnersSeller

Lawrence MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.31%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93