facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

134-138 Pelham Street, Meth...

Trident Management Sells Multifamily Property In Methuen, MA For $11.65M
SOLDMultiFamily

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

Drew Kirkland

NorthEast Private Client Group

Broker

$94.8M

vol

18 deals

Broker
TM
Trident ManagementSeller

Methuen 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

1.36%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93