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Rapid Realty LLC Acquires Office Property In Haverhill, MA For $1.6M

Property Image
SOLD
$1,599,100
Courtney Green
Kevin Olson

Massachusetts

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Office7,930 SF
Sold 04/29/2022
the dealplayerscompscontact
Property Image
SOLD

Rapid Realty LLC Acquires Office Property In Haverhill, MA For $1.6M

35 Avco Road, Haverhill, Massachusetts 01835, United States

See Similar Deals
Office7,930 SF
Sold 04/29/2022
Courtney Green
Kevin Olson
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$201
Total Square Footage:7,930 SF
Transaction Type:Sale

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

Kevin Olson
Nordlund Associates
Kevin Olson
6 deals$9.9M volume
BROKER
Courtney Green
Sotheby's International Realty
Courtney Green
2 deals$12.1M volume
BROKER

Details

SOLD
IMAGE: Kevin Olson DATE: 04/29/2022 ADDRESS: 35 Avco Rd MARKET: Haverhill, MA ASSET TYPE: Office BUYER: Rapid Realty LLC SELLER: Avco Road LLC BUYER'S REP: Courtney Green SELLER'S REP: Kevin Olson - Nordlund Associates (@Nordlund_CRE) SALE PRICE: $1,599,100 SF: 7,930 ~ PPSF: $202

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$85,285.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,681.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,580.55
Annual Debt Service$90,966.60