facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Office

/

Sale

/

173 Oxford Street

CAVA Church Acquires 173 Oxford Street Office Building In Lynn For $2.565M
SOLDOffice

CAVA Church Acquires 173 Oxford Street Office Building In Lynn For $2.565M

173 Oxford Street

$2,565,000

$160/SF

Building Size

16,000 SF

Asset Type

Office

Closing

Dec 20, 2024

AI

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.

Players

Paul Durgin

Jack Conway & Company

Broker

$14.2M

vol

6 deals

Broker

Lynn Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.18%

Cash-on-Cash

-1.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93