Updated Dec 19, 2023
Colliers International Brokers $3.4M Sale Of Development Site In Dracut, MA
341 Broadway Rd, Dracut, Massachusetts, USA
$3,425,000
$11/SF
Building Size
291,050 SF
Asset Type
Development Site
Closing
Apr 6, 2021
About this deal
AI
A development site located at 341 Broadway Rd in Dracut, MA has been sold for a total price of $3,425,000. The property spans across 10.19 acres, making it a valuable asset for potential development projects. The transaction took place on April 7, 2021, and was facilitated by Christopher Sower from Colliers International.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,425,000
- PPA (Price Per Acre): $336,114
- Address: 341 Broadway Rd, Dracut, MA
- Market: Dracut, MA
Christopher Sower, representing Colliers International, played a crucial role in the successful completion of this transaction. With extensive experience in the real estate industry, Christopher ensured that the sale of this development site was executed smoothly and efficiently. The involvement of Colliers International highlights their expertise in handling complex deals and providing exceptional service to their clients.
Dracut Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.63%
Cash-on-Cash
-1.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93