Mill Bridge Residential, LLC Acquires Office Building On 81 Bridge Street In Lowell, MA For $2.57M

An office property located at 81 Bridge Street in Lowell, MA was recently sold in a transaction that took place on December 4, 2020. The property, measuring approximately 33,000 square feet, was purchased by Mill Bridge Residential, LLC for a total sale price of $2,570,000. The selling party, Bridge Street Business Center, LLC, facilitated the transaction. The sale price translates to a price per square foot of $78. The property sits on a land area of 1.04 acres, with a price per acre of $2,471,154.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $2,570,000
• Address: 81 Bridge Street, Lowell, MA
• Market: Lowell, MA
• Seller: Bridge Street Business Center, LLC
• Buyer: Mill Bridge Residential, LLC
• Brokers: Marci Alvarado & Jake Parsons - SVN Parsons Commercial Group

Marci Alvarado & Jake Parsons, representing SVN Parsons Commercial Group, played a pivotal role as brokers in the transaction.