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355 Market St, Lowell, Mass...

Northeast Private Client Group Sells Mixed Use Property In Lowell, MA For $3M
SOLDMixed-use

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

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

Drew Kirkland

NorthEast Private Client Group

Broker

$94.8M

vol

18 deals

Broker

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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93