Plover Capital LLC Acquires Retail Property On South Broadway In Lawrence, MA For $2.4M
SOLD
$2,400,000
Massachusetts
See Similar DealsRetail10,200 SF
Sold
SOLD
Plover Capital LLC Acquires Retail Property On South Broadway In Lawrence, MA For $2.4M
138 South Broadway
See Similar DealsRetail10,200 SF
Sold
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$235
Total Square Footage:10200 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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