Imperium Capital, Meadow Partners Acquire Mixed Use Property In North Billerica, MA For $10.75M
SOLD
$10,750,000
+ 1
Massachusetts
See Similar DealsMixed-use58,400 SF
Sold 09/12/2022
SOLD
Imperium Capital, Meadow Partners Acquire Mixed Use Property In North Billerica, MA For $10.75M
12 Esquire Road
See Similar DealsMixed-use58,400 SF
Sold 09/12/2022
+ 1
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$184
Total Square Footage:58,400 SF
Transaction Type:Sale
The mixed-use property located at 12 Esquire Road in North Billerica, MA has been sold in a closed transaction. The property spans 58,400 square feet and was sold for a total price of $10,750,000, resulting in a price per square foot of $184. The transaction took place on 09/12/2022.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $10,750,000
- Address: 12 Esquire Road, North Billerica, MA
- Market: North Billerica, MA
- Square Footage: 58,400
- Price per Square Foot: $184
The buyer of the property was Imperium Capital, represented by Daniel Glaser, Sam Schneider, and Meadow Partners. The sale of the property was facilitated by Meridian Capital Group, with Brian Gladstone, Connor Dellano, David Schechtman, and Abie Kassin acting as the brokers in the transaction.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$573,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,192.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,960.48
Annual Debt Service$611,525.81
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