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.
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