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Aho Properties Sells Three-Property Industrial Portfolio On Phoenix Ave For $4.7M
SOLD
$4,700,000
Massachusetts
See Similar DealsIndustrial96,615 SF
Sold
SOLD
Aho Properties Sells Three-Property Industrial Portfolio On Phoenix Ave For $4.7M
55 Phoenix Avenue
See Similar DealsIndustrial96,615 SF
Sold
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$48
Total Square Footage:96615 SF
Transaction Type:Sale
Joel Aho, President of Aho Properties, successfully orchestrated the $4.7 million sale of a three-property industrial portfolio on Phoenix Ave in Lowell, MA. The combined properties amount to 32,205 square feet, with an average price per square foot of $146.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,700,000
- Square Footage: 32,205
- Price per Square Foot: $146
- Address: 55 Phoenix Avenue, 75 Phoenix Avenue & 77 Phoenix Avenue, Lowell, MA
- Market: Lowell, MA
Tina Habeeb from The Royal Companies represented the buyer, while Joel Aho from Aho Properties represented the seller in this successful transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$250,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,698.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,280.40
Annual Debt Service$267,364.77
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