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
Tewksbury CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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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