O'Brien Commercial Properties Sells Retail Property For $3M On Lincoln Street, Marlborough MA
283 Lincoln Street
$3,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 21, 2023
AI
O'Brien Commercial Properties, led by president Eric O'Brien, has successfully sold a retail property located at 283 Lincoln Street in Marlborough, MA. The property, situated on the north side of Lincoln Street, was sold for a noteworthy amount of $3 million.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,000,000
- Address: 283 Lincoln Street, Marlborough, MA
- Market: Marlborough, MA
This successful sale marks the completion of a significant deal orchestrated by Eric O'Brien, who served as the broker for O'Brien Commercial Properties. Through his efforts, the full city block along Lincoln Street has changed hands, providing a valuable opportunity for the new owner to leverage the property's potential.
Boston 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93