LexVest Group Acquires Retail Property In Ayer, MA For $7.9M
SOLD
$7,900,000
Massachusetts
See Similar DealsRetail100,000 SF
Sold 07/22/2022
SOLD
LexVest Group Acquires Retail Property In Ayer, MA For $7.9M
11 Westford Road, Ayer, Massachusetts 01432, United States
See Similar DealsRetail100,000 SF
Sold 07/22/2022
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$79
Total Square Footage:100,000 SF
Transaction Type:Sale
The retail property located at 11 Westford Rd in Ayer, MA has been sold for a transaction amount of $7,900,000. The property spans across an area of 100,000 square feet, resulting in a price per square foot of $79.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,900,000
- Address: 11 Westford Rd, Ayer, MA
- Market: Ayer, MA
The buyer of the property is LexVest Group. The transaction was facilitated by Nate Nickerson from Fieldstone Commercial Properties Inc, who represented the buyer in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$421,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,067.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,450.03
Annual Debt Service$449,400.36
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