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283 Lincoln Street

O'Brien Commercial Properties Sells Retail Property For $3M On Lincoln Street, Marlborough MA
SOLDMultiFamily

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.

Players

Eric O’Brien

O'Brien Commercial Properties

Broker

$10.1M

vol

5 deals

Broker

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