Updated Dec 4, 2024
LAER Realty Partners Acquires 10.21-Acre Land Parcel In Dracut, MA For $1.05M
251 Sladen Street
$1,050,000
Building Size
—
Asset Type
Land
Closing
Oct 24, 2023
About this deal
AI
A 10.21-acre land parcel located at 251 Sladen Street in Dracut, MA has been sold for $1,050,000. The transaction was closed on 10/24/2023.
Summary of transaction details:
- Property Type: Land
- Sale Price: $1,050,000
- Location: 251 Sladen Street, Dracut, MA
- Market: Dracut, MA
- Acres: 10.21
The buyer in this transaction, represented by Spiro Skinsacos from LAER Realty Partners, acquired the land parcel. On the other side, Kevin M. Sexton of Century 21 Tradition acted as the seller's representative. The transaction was facilitated by these real estate professionals.
Players
Dracut Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93