Rapid Realty LLC Acquires Office Property In Haverhill, MA For $1.6M
35 Avco Road, Haverhill, Massachusetts 01835, United States
$1,599,100
$201/SF
Building Size
7,930 SF
Asset Type
Office
Closing
Apr 28, 2022
AI
An office property located at 35 Avco Rd in Haverhill, MA was recently sold for a price of $1,599,100. The property spans 7,930 square feet, resulting in a price per square foot of $202. The transaction took place on April 29, 2022. Kevin Olson captured the image of the property, showcasing its features and potential.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,599,100
- Address: 35 Avco Rd, Haverhill, MA
- Market: Haverhill, MA
- Buyer: Rapid Realty LLC
- Seller: Avco Road LLC
- Buyer's Representative: Courtney Green
- Seller's Representative: Kevin Olson - Nordlund Associates
- Square Footage: 7,930
- Price Per Square Foot: $202
The deal was facilitated by real estate professionals. Courtney Green represented Rapid Realty LLC as the buyer's representative, while Kevin Olson from Nordlund Associates served as the seller's representative.
Players
Haverhill 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
9.92%
Cash-on-Cash
-2.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93