Edward Hassey Acquires Office Asset At 152 Lincoln Road From Cambridge West 2 LLC For $1.96M
SOLD
$1,960,000
Massachusetts
See Similar DealsOffice
Sold 12/10/2020
SOLD
Edward Hassey Acquires Office Asset At 152 Lincoln Road From Cambridge West 2 LLC For $1.96M
152 Lincoln Road
See Similar DealsOffice
Sold 12/10/2020
Summary
MASSACHUSETTS
Asset Type:Office
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$104,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,963.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,291.40
Annual Debt Service$111,496.80
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