Updated Dec 20, 2023
Marcus Partners And Rhino Capital Advisors Acquire Industrial Properties In Lowell & Billerica, MA For $13.35M
263 Industrial Avenue East, Lowell, MA, USA
$13,350,000
$74/SF
Building Size
180,000 SF
Asset Type
Industrial
Closing
Jan 20, 2021
About this deal
AI
263 Industrial Avenue & 27 Sterling Road, located in Lowell & Billerica, MA, was recently sold in a transaction. The industrial property spans across 180,000 square feet and was sold for a price of $13,350,000. The sale price per square foot of the property is $74.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,350,000
- Address: 263 Industrial Avenue & 27 Sterling Road
- Market: Lowell & Billerica, MA
- Buyers: Marcus Partners - Ryan McDonough, Rhino Capital Advisors - Michael Olson
The buyers involved in this transaction are Marcus Partners, represented by Ryan McDonough, and Rhino Capital Advisors, represented by Michael Olson.
Players
Lowell Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93