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144-154 Rangeway Road

Juniper LLC Acquires Mixed-use Buildings In North Billerica MA For $6.975M Represented By R.W. Holmes
SOLDMixed-use

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:

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.

Players

Mike Ogasapian

R.W. Holmes Commercial Real Estate

Broker

$20.3M

vol

12 deals

Broker

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