facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Mixed Use

/

Sale

/

38 Estes St, Lynn, Massachu...

Hakim Sadler Of MIG Realty Sells Lynn Package Deal For $12.6M
SOLDMixed-use

Hakim Sadler Of MIG Realty Sells Lynn Package Deal For $12.6M

38 Estes St, Lynn, Massachusetts, USA

$12,600,000

$499/SF

Building Size

25,222 SF

Asset Type

Mixed-use

Closing

Nov 1, 2021

AI

The package deal comprising 38 Estes St, 44 Estes St, 8-10 Fortesque Ter, 12-14 Fortesque Ter, and 32 Chestnut St in Lynn, MA was recently sold in a closed transaction. The sale was facilitated by Hakim Sadler from MIG Realty. The transaction took place on 11/01/2021.

Summary of transaction details

  • Property Type: Package Deal
  • Transaction Amount: $12,600,000
  • Market: Lynn, MA
  • Square Footage: 25,222 SF
  • Price per Square Foot: $500

The package deal, which sold for $12,600,000, included properties located at 38 Estes St, 44 Estes St, 8-10 Fortesque Ter, 12-14 Fortesque Ter, and 32 Chestnut St. The total square footage of the properties is 25,222 SF, resulting in a price per square foot of $500. The deal was brokered by Hakim Sadler from MIG Realty. This transaction showcases the strength of the real estate market in Lynn, MA.

Players

Hakim Sadler

MIG Realty

Broker

$68.3M

vol

34 deals

Broker
Boston Trust Realty Group
Boston Trust Realty GroupBrokerage

Lynn 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

1.26%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93