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70 Industrial Avenue East, ...

4th Corner LLC Acquires Industrial Property In Lowell, MA For $2.8M
SOLDIndustrial

4th Corner LLC Acquires Industrial Property In Lowell, MA For $2.8M

70 Industrial Avenue East, Lowell, Massachusetts, USA

$2,800,000

$63/SF

Building Size

44,472 SF

Asset Type

Industrial

Closing

Mar 7, 2021

AI

Located at 70 Industrial Avenue in Lowell, MA, this industrial property was recently sold in a closed transaction. The sale was facilitated by Marci Alvarado from SVN | Parsons Commercial Group. The property spans a total of 44,472 square feet and sits on 2 acres of land. With a sale price of $2,800,000, the price per square foot comes to $63, making it a valuable investment for the buyer, 4th Corner LLC. The transaction involved Pagson LLC as the seller.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,800,000
  • Square Footage: 44,472
  • Price per Square Foot: $63
  • Address: 70 Industrial Avenue, Lowell, MA
  • Market: Lowell, MA

Marci Alvarado from SVN | Parsons Commercial Group represented the buyer, 4th Corner LLC, in this deal. The property, with its strategic location and substantial square footage, presents a promising opportunity for the new owners. The transaction marks a successful acquisition in the industrial real estate market in Lowell, MA.

Players

Marci Alvarado

Commercial Property Advisors

Broker

$22.2M

vol

10 deals

Broker

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

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93