Updated Oct 29, 2024
Rhino Capital Advisors LLC Acquires Office Property In Billerica, MA For $10.4M
3 Federal Street, Billerica, Massachusetts, USA
$10,400,000
$61/SF
Building Size
170,146 SF
Asset Type
Office
Closing
Feb 24, 2021
About this deal
AI
Rhino Capital Advisors LLC has acquired an office property located at 3 & 8 Federal Street in Billerica, MA. The transaction took place on February 25, 2021.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $10,400,000
- Square Footage: 170,146
- Price per Square Foot: $61
- Address: 3 & 8 Federal Street, Billerica, MA
- Market: Billerica, MA
The sale of this office property was facilitated by JLL, with Matt Daniels, Brian Tisbert, Christopher Lawrence, and Zach Gramlich representing the buyer, Rhino Capital Advisors LLC.
On the Map
$10,400,000
$61/SF
Office
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Players
Billerica 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
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93