Taurus Investment Holdings Acquires Ashland, MA Multifamily For $53.6M
SOLD
$53,600,000
Massachusetts
See Similar DealsMultiFamily625 SF
Sold 10/26/2021
SOLD
Taurus Investment Holdings Acquires Ashland, MA Multifamily For $53.6M
13 Joanne Dr, Ashland, Massachusetts, USA
See Similar DealsMultiFamily625 SF
Sold 10/26/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$85,760
Total Square Footage:625 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,858,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$190,429.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$254,091.35
Annual Debt Service$3,049,096.15
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