Pimar Properties 1 LLC Acquires Mixed-Use Property In Lawrence, MA For $1.3M
107 Union Street, Lawrence, Massachusetts 01841, United States
$1,300,000
$205/SF
Building Size
6,340 SF
Asset Type
Mixed-use
Closing
Feb 17, 2021
AI
The mixed-use property located at 103-107 Union St in Lawrence, MA has been sold in a closed transaction. The property spans 6,340 square feet and was sold at a price of $1,300,000, resulting in a price per square foot of $205. The property was initially listed at an asking price of $1,025,000.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,300,000
- Address: 103-107 Union St, Lawrence, MA
- Market: Lawrence, MA
- Buyer: Pimar Properties 1 LLC
- Seller: Marquez LLC
- Buyer's Representative: Yasira Fernandez - Access Real Estate
- Seller's Representatives: Jefri Liriano & Xavier Nunez - The Liriano Team - Keller Williams
The buyer, Pimar Properties 1 LLC, was represented by Yasira Fernandez from Access Real Estate. The seller, Marquez LLC, was represented by Jefri Liriano & Xavier Nunez from The Liriano Team at Keller Williams.
Players
Lawrence Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93