Trident Management Sells Multifamily Property In Methuen, MA For $11.65M
134-138 Pelham Street, Methuen, Massachusetts, USA
$11,650,000
$147/SF
Building Size
78,868 SF
Asset Type
MultiFamily
Closing
Dec 11, 2019
AI
134-138 Pelham Street in Methuen, MA was recently sold in a closed transaction. The property is a multifamily asset, offering a total square footage of 78,868. The sale took place on 12/12/2019.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $11,650,000
- Price per Square Foot: $147
- Seller: Trident Management
- Buyer: 2800 Lafayette Road LLC
The sale of 134-138 Pelham Street was facilitated by Bradford Carlson, Drew Kirkland, James Casey, and Francis-Saenz. They represented the respective parties involved in the transaction.
Players
Methuen MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93