EagleBridge Capital Arranges $7.3M Acquisition Loan For Retail Property In Lowell, MA
1765 Middlesex Street, Lowell, Massachusetts 01851, United States
$7,300,000
$486/SF
Building Size
15,000 SF
Asset Type
Retail
Closing
Oct 27, 2022
AI
The property involved in this closed transaction is a retail asset located at 1765 Middlesex St in Lowell, MA. The property has a total square footage of 15,000, making it a significant commercial space in the area.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,300,000
Ted Sidel of EagleBridge Capital represented the buyer in this acquisition. As the broker for the deal, Ted played a crucial role in facilitating the transaction and ensuring a successful outcome.
This acquisition involved a loan amount of $7,300,000. The loan was specifically obtained for the purpose of acquiring the retail property at 1765 Middlesex St. It is worth noting that this transaction took place on October 28, 2022.
Players
Lowell Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93