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3 Federal Street, Billerica...

Rhino Capital Advisors LLC Acquires Office Property In Billerica, MA For $10.4M
SOLDOffice

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

Zach Gramlich

JLL

Broker

$10.4M

vol

1 deal

Broker
RA
Rhino Capital AdvisorsBuyer

Billerica Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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