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
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.
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