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1765 Middlesex Street, Lowe...

EagleBridge Capital Arranges $7.3M Acquisition Loan For Retail Property In Lowell, MA
FINANCEDRetail

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

Ted Sidel

EagleBridge Capital

Broker

$229.7M

vol

17 deals

Broker

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