Jonathan J. Boyajian Of Echo Real Estate Capital Sells Medical Office In Haverhill For $9.6M
62 Brown Street
$9,600,000
$162/SF
Building Size
59,000 SF
Asset Type
Medical Office
Closing
Sep 19, 2025
AI
The medical office building located at 62 Brown Street in Haverhill, MA, encompasses a total area of 59,000 square feet and was sold for approximately $9.6 million. The property is currently 90% leased to tenants including Revere Medical and Northeast Rehab, and is situated on the Lawrence General Holy Family Hospital campus.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $9,600,000
- Square Footage: 59,000
- Price Per Square Foot: $163
- Seller: Jonathan J. Boyajian - Echo Real Estate Capital
- Market: Haverhill, MA
Jonathan J. Boyajian from Echo Real Estate Capital represented the seller in this transaction, facilitating the sale of the property on September 19, 2025.
Players
Haverhill Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93