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295 Main Street, Tewksbury,...

Atlantic Capital Partners Acquires Office Building In Tewksbury, MA For $2.13M
SOLDOffice

Atlantic Capital Partners Acquires Office Building In Tewksbury, MA For $2.13M

295 Main Street, Tewksbury, Massachusetts 01876, United States

$2,130,000

$679/SF

Building Size

3,134 SF

Asset Type

Office

Closing

Dec 10, 2021

AI

The sale of an office asset located at 295 Main St in Tewksbury, MA has been completed. The transaction was facilitated by Justin Smith, Chris Peterson, Sam Koonce, Molly Lynch, David Hoppe, Patrick Wagor, and Sam Young from Atlantic Capital Partners. The property was sold for a price of $2,130,000, with a total area of 3,134 square feet. The sale price per square foot was $680.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $2,130,000
  • Address: 295 Main St, Tewksbury, MA
  • Market: Tewksbury, MA

The team at Atlantic Capital Partners, represented by Justin Smith, Chris Peterson, Sam Koonce, Molly Lynch, David Hoppe, Patrick Wagor, and Sam Young, successfully closed the sale of this office property. Their expertise and efforts contributed to the smooth completion of the transaction.

Players

Justin Smith

Atlantic Retail

Broker

$627.5M

vol

31 deals

Broker

Tewksbury 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

7.45%

Cash-on-Cash

-2.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93