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

Property Image
SOLD
$2,800,000

Massachusetts

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Industrial44,472 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

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

70 Industrial Avenue East, Lowell, Massachusetts, USA

See Similar Deals
Industrial44,472 SF
Sold
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$63
Total Square Footage:44,472 SF
Transaction Type:Sale

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
Marci Alvarado
10 deals$22.2M volume(508) 808-4958
BROKER

Details

SOLD
IMAGE: Marci Alvarado DATE: 03/08/2021 ADDRESS: 70 Industrial Avenue MARKET: Lowell, MA ASSET TYPE: Industrial SELLER: Pagson LLC BUYER: 4th Corner LLC BROKER: Marci Alvarado - SVN | Parsons Commercial Group SALE PRICE: $2,800,000 SF: 44,472 ~ PPSF: $63 ACRES: 2 ~ PPA: $1,400,000

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,947.82
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