Northeast Private Client Group Sells Mixed Use Property In Lowell, MA For $3M
355 Market St, Lowell, Massachusetts 01852, United States
$3,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Mar 2, 2022
AI
The mixed-use property located at 345-355 Market Street in Lowell, MA has recently been sold for a price of $3,000,000. The transaction took place on 03/03/2022, and the property consists of 16 units. The price per unit comes out to be $187,500.
Summary of transaction details
- Property Type: Mixed use
- Transaction Amount: $3,000,000
- Address: 345-355 Market Street, Lowell, MA
- Market: Lowell, MA
- Brokers: Drew Kirkland, Francis Saenz, Jim Casey & Brad Carlson - Northeast Private Client Group
The deal was facilitated by Drew Kirkland, Francis Saenz, Jim Casey, and Brad Carlson of Northeast Private Client Group. They acted as brokers for the transaction, representing the involved parties.
Players
Lowell Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93