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152 Lincoln Road

Edward Hassey Acquires Office Asset At 152 Lincoln Road From Cambridge West 2 LLC For $1.96M
SOLDOffice

Edward Hassey Acquires Office Asset At 152 Lincoln Road From Cambridge West 2 LLC For $1.96M

152 Lincoln Road

$1,960,000

Building Size

Asset Type

Office

Closing

Dec 10, 2020

AI

The property asset involved in this transaction is an office located at 152 Lincoln Road in the Lincoln market. The transaction was completed for a price of $1,960,000.00.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $1,960,000.00
  • Address: 152 Lincoln Road
  • Market: Lincoln
  • Buyer: Edward Hassey
  • Seller: Cambridge West 2 Llc
  • Broker: Roberto Magno - Castlearch Property Advisors

This transaction involved Edward Hassey as the buyer who acquired the office property from Cambridge West 2 Llc, with Roberto Magno representing the broker in this deal through Castlearch Property Advisors.

Players

Roberto Magno

Castlearch Property Advisors

Broker

$21.8M

vol

13 deals

Broker

Edward Hassey

Buyer
Buyer
CL
Cambridge West 2 LlcSeller

Lincoln Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.09%

Cash-on-Cash

-2.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93