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LAER Realty Partners Acquires 10.21-Acre Land Parcel In Dracut, MA For $1.05M
SOLD
$1,050,000
Massachusetts
See Similar DealsLand
Sold 10/24/2023
SOLD
LAER Realty Partners Acquires 10.21-Acre Land Parcel In Dracut, MA For $1.05M
251 Sladen Street
See Similar DealsLand
Sold 10/24/2023
Summary
MASSACHUSETTS
Asset Type:Land
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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