Juniper LLC Acquires Mixed-use Buildings In North Billerica MA For $6.975M Represented By R.W. Holmes
144-154 Rangeway Road
$6,975,000
Building Size
—
Asset Type
Mixed-use
Closing
Nov 13, 2024
AI
The asset involved in the transaction is a mixed-use property located at 144-154 Rangeway Road in North Billerica, MA. The property comprises two multi-tenant flex buildings totaling 70,000 square feet and was sold for $6,975,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $6,975,000
- Seller: D&B Rangeway Realty Trust
- Buyer: Juniper LLC
- Broker: Mike Ogasapian - R.W. Holmes Commercial Real Estate
R.W. Holmes Commercial Real Estate facilitated the transaction, representing the seller D&B Rangeway Realty Trust and finalizing the sale to the Boston-based investor Juniper LLC.
North Billerica 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93