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520 Lowell Street, Peabody,...

Fantini & Gorga Arrange $1.865M Loan For Learning Facility In Peabody, MA
FINANCEDOther

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

Lindsay Feig

Fantini & Gorga

Broker

$62.1M

vol

6 deals

Broker

Peabody Other Market Snapshot

Boundary boundary · Other · Loan transactions

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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