Fantini & Gorga Arrange $1.865M Loan For Learning Facility In Peabody, MA
520 Lowell Street, Peabody, Massachusetts, USA
$1,865,000
$184/SF
Building Size
10,132 SF
Asset Type
Other
Closing
Apr 28, 2021
AI
A learning facility located at 520 Lowell Street in Peabody, MA recently underwent a closed property transaction. The property spans 10,132 square feet and sits on 1.84 acres of land. The transaction took place on 04/29/2021, with John Gorga & Lindsay Feig representing the buyers. The property is a valuable asset in the market of Peabody, MA.
Summary of transation details
- Property Type: Learning Facility
- Transaction Amount: $1,865,000
- Address: 520 Lowell Street, Peabody, MA
- Market: Peabody, MA
- Square Footage: 10,132
- Acres: 1.84
John Gorga & Lindsay Feig from Fantini & Gorga served as the brokers in this transaction. They played a crucial role in facilitating the deal and ensuring a successful outcome for both parties involved.
Players
Peabody Other Market Snapshot
Boundary boundary · Other · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.51%
Cash-on-Cash
-2.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93