Rhino Capital Advisors LLC Acquires Office Property In Billerica, MA For $10.4M
SOLD
$10,400,000
+ 1
Massachusetts
See Similar DealsOffice170,146 SF
Sold 02/25/2021
SOLD
Rhino Capital Advisors LLC Acquires Office Property In Billerica, MA For $10.4M
3 Federal Street, Billerica, Massachusetts, USA
See Similar DealsOffice170,146 SF
Sold 02/25/2021
+ 1
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$61
Total Square Footage:170,146 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$554,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,949.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,301.31
Annual Debt Service$591,615.67
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