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2131 Main St, Tewksbury, Ma...

Doherty Properties Acquires 2.56 Acres Of Land In Tewksbury, MA For $1.65M
SOLD

Doherty Properties Acquires 2.56 Acres Of Land In Tewksbury, MA For $1.65M

2131 Main St, Tewksbury, Massachusetts, USA

$1,650,000

$1/SF

Building Size

1,115,136 SF

Asset Type

Closing

Jun 20, 2021

AI

2131 Main St, located in Tewksbury, MA, has recently been sold for a total price of $1,650,000. This property, which consists of 2.56 acres, was sold on June 21, 2021. The sale was brokered by Christian Doherty from Doherty Properties. The land has an approximate price per acre (PPA) of $644,531.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $1,650,000
  • Address: 2131 Main St, Tewksbury, MA
  • Market: Tewksbury, MA
  • Broker: Christian Doherty - Doherty Properties

The sale of this land in Tewksbury highlights the successful transaction brokered by Christian Doherty from Doherty Properties. The sale price of $1,650,000 reflects the value of the property, which spans across 2.56 acres. With a price per acre of $644,531, this transaction demonstrates the lucrative nature of land investments in this market.

Players

Christian Doherty

Broker

$4.7M

vol

3 deals

Broker

Tewksbury CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.61%

Cash-on-Cash

-2.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93