Updated Oct 29, 2024
Historic New England Acquires 142K SF Office Building In Haverhill, MA For $4.5M
143 Essex St Haverhill, MA 01832, USA
$4,500,000
$31/SF
Building Size
142,000 SF
Asset Type
Office
Closing
Jun 29, 2023
About this deal
AI
Marcus & Millichap has announced the sale of a historic 142,000-square-foot office building in Haverhill, Massachusetts. The property, located at 143-147 Essex St., was sold for $4.5 million to the buyer, Historic New England. This prime office space offers a vibrant and accessible location for businesses.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,500,000
- Address: 143-147 Essex Street, Haverhill, MA
- Square Footage: 142,000
- Price per Square Foot: $32
- Market: Haverhill, MA
Luigi Lessa and Harrison Klein from Marcus & Millichap facilitated the deal to represent the buyer, Historic New England. Their expertise in the market and their ability to find this opportunity for their client played a crucial role in the successful sale of this historic office building.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93