Office Building At 170 Common Street In Lawrence Sells For $1.425M With Brokers Francisco Baez & Danny Cruz - ABG Commercial Realty
170 Common Street, Lawrence, MA, USA
$1,425,000
$49/SF
Building Size
29,000 SF
Asset Type
Office
Closing
Jul 15, 2020
AI
Located in Lawrence, the office property at 170 Common Street has been sold in a recent transaction. The property, owned by 170 Common Street LLC, was listed for sale by Francisco Baez and Danny Cruz of ABG Commercial Realty.
Summary of transaction details
- Property Type: Office
- Sale Price: $1,425,000
- Square Footage: 29,000
- Price Per Square Foot: $49.13
- Market: Lawrence
The sale of 170 Common Street marks the transfer of ownership for this office property. The deal was facilitated by Francisco Baez and Danny Cruz of ABG Commercial Realty, representing the seller, 170 Common Street LLC. The transaction amount for this sale was $1,425,000, with a total square footage of 29,000, resulting in a price per square foot of $49.13.
Lawrence 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
11.13%
Cash-on-Cash
-3.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93