Legacy Real Estate Ventures Acquires Mixed-Use Property In Harvard, MA For $2.6M
12 Lancaster County Road, Harvard, Massachusetts 01451, United States
$2,600,000
$162,500/SF
Building Size
16 SF
Asset Type
Mixed-use
Closing
Nov 18, 2022
AI
Legacy Real Estate Ventures, represented by Jen Price, has acquired a mixed-use property located at 12 Lancaster County Rd, Harvard, MA. The transaction was facilitated by Bruce Lee of Lee Partners.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $2,600,000
- Property Image: Bruce Lee
- Date: 11/18/2022
- Address: 12 Lancaster County Rd, Harvard, MA
- Market: Harvard, MA
- Square Footage: 16,400
- Price per Square Foot: $159
The purchase of this mixed-use property marks a significant investment by Legacy Real Estate Ventures. Led by Jen Price, the company saw potential in this versatile asset, which offers a combination of commercial and residential spaces in a sought-after area of Harvard, MA. With 16,400 square feet of space, the property provides ample room for businesses and residents to thrive.
Players
Harvard 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93