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460 Globe Street

Updated Sep 22, 2026

Edd Hamzanlui Acquires Development Site At 460 Globe Street Fall River For $1.8M
SOLDDevelopment Site

Edd Hamzanlui Acquires Development Site At 460 Globe Street Fall River For $1.8M

460 Globe Street

$1,800,000

$18/SF

Building Size

98,190 SF

Asset Type

Development Site

Closing

Aug 31, 2026

About this deal

AI

The property involved in this transaction is a development site located at 460 Globe Street in Fall River, MA. The asset encompasses a square footage of 98,190 and has a sale price of $1,800,000, which equates to a price per square foot of $18.

Summary of transaction details:

This transaction highlights the involvement of MassCan Capital LLC, which has completed the purchase fully permitted for 89 market-rate units, as noted by the buyer's representative, Luke Walen.

Players

Christopher Paiva

Broker

$2.1M

vol

1 deal

Broker

Edd Hamzanlui

Buyer

$1.8M

vol

1 deal

Buyer

wayne cohen

Seller

$1.8M

vol

1 deal

Seller

Fall River Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $18 per square foot on a published $1.8M for 98,190 square feet (2026).

Visit Luke Walen to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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