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107 Union Street, Lawrence,...

Pimar Properties 1 LLC Acquires Mixed-Use Property In Lawrence, MA For $1.3M
SOLDMixed-use

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

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

Yasira Fernandez

Access Real Estate

Broker

$2.4M

vol

2 deals

Broker

Lawrence Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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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