Updated Sep 9, 2024
Boston Trust Realty Group Acquires Mixed-Use Property In Lowell, MA For $2.1M
311 Middlesex St, Lowell, Massachusetts, USA
$2,125,000
$115/SF
Building Size
18,461 SF
Asset Type
Mixed-use
Closing
May 26, 2020
About this deal
AI
A mixed-use property located at 311 Middlesex St in Lowell, MA has been sold for a price of $2,125,000. The transaction was completed on 05/26/2021. The property has a total area of 18,461 square feet, resulting in a price per square foot of $115. The sale was facilitated by Hakim Sadler from Boston Trust Realty Group, MIG Realty.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $2,125,000
- Address: 311 Middlesex St, Lowell, MA
- Market: Lowell, MA
- Square Footage: 18,461
- Price per Square Foot: $115
- Date: 05/26/2021
Hakim Sadler from Boston Trust Realty Group, MIG Realty represented the involved parties in this transaction.
Players
Lowell 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
7.46%
Cash-on-Cash
-2.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93