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CAVA Church Acquires 173 Oxford Street Office Building In Lynn For $2.565M
SOLD
$2,565,000
Massachusetts
See Similar DealsOffice16,000 SF
Sold 12/20/2024
SOLD
CAVA Church Acquires 173 Oxford Street Office Building In Lynn For $2.565M
173 Oxford Street
See Similar DealsOffice16,000 SF
Sold 12/20/2024
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$160
Total Square Footage:16,000 SF
Transaction Type:Sale
173 Oxford Street is an office building located in Lynn, MA, featuring a total area of 16,000 square feet. The property was sold for $2,565,000, equating to a price per square foot of $160.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,565,000
- Buyer: CAVA Church
- Broker: Paul Durgin - Conway Commercial
- Sale Date: 12/20/2024
CAVA Church intends to renovate the property into a sanctuary, classrooms, and reception areas. Paul Durgin of Conway Commercial facilitated the transaction for the buyer, ensuring the process was conducted efficiently.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$136,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,112.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,159.41
Annual Debt Service$145,912.90
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