Updated Sep 9, 2024
Imperium Capital, Meadow Partners Acquire Mixed Use Property In North Billerica, MA For $10.75M
12 Esquire Road
$10,750,000
$184/SF
Building Size
58,400 SF
Asset Type
Mixed-use
Closing
Sep 12, 2022
About this deal
AI
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.
Players
Norwalk 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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93