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12 Esquire Road

Imperium Capital, Meadow Partners Acquire Mixed Use Property In North Billerica, MA For $10.75M
SOLDMixed-use

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

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

Abie Kassin

Meridian Capital Group

Broker

$1.6B

vol

52 deals

Broker

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