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.
Lynn 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
6.18%
Cash-on-Cash
-1.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93