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138 South Broadway

Plover Capital LLC Acquires Retail Property On South Broadway In Lawrence, MA For $2.4M
SOLDRetail

Plover Capital LLC Acquires Retail Property On South Broadway In Lawrence, MA For $2.4M

138 South Broadway

$2,400,000

$235/SF

Building Size

10,200 SF

Asset Type

Retail

Closing

Jul 14, 2022

AI

The retail property located at 138 South Broadway in Lawrence, MA has been sold for a total of $2,400,000. The property is comprised of 10,200 square feet, resulting in a price per square foot of $235.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $2,400,000
  • Address: 138 South Broadway, Lawrence, MA
  • Square Footage: 10,200
  • Price per Square Foot: $235
  • Market: Lawrence, MA

The buyer of the property is Plover Capital LLC, while the seller is SCLR Realty, LLC. Marci Alvarado from SVN| Parsons Commercial Group | Boston represented the buyer in this transaction.

Players

Marci Alvarado

Commercial Property Advisors

Broker

$22.2M

vol

10 deals

Broker
PL
Plover Capital LLCBuyer

City of White Plains Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93