SOLDMultiFamily
Taurus Investment Holdings Acquires Ashland, MA Multifamily For $53.6M
13 Joanne Dr, Ashland, Massachusetts, USA
$53,600,000
$85,760/SF
Building Size
625 SF
Asset Type
MultiFamily
Closing
Oct 25, 2021
AI
The multifamily property located at 13 Joanne Dr in Ashland, MA has been sold for a total price of $53,600,000. The property consists of 207 units, resulting in a price per unit of $258,937.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $53,600,000
- Address: 13 Joanne Dr, Ashland, MA
- Market: Ashland, MA
- Buyer: Taurus Investment Holdings, LLC - Peter Merrigan & Nick Clark
- Units: 207
- Price per Unit: $258,937
Taurus Investment Holdings, LLC represented by Peter Merrigan & Nick Clark acted as the buyer in the transaction.
Players
Ashland MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93