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
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