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Retail Property At 45 Lynnfield St In Lynn, MA Sells For $640K With Seller's Rep David Maker And Buyer's Rep Sabrina Carr

Property Image
SOLD
$640,000
Sabrina Carr
David Maker

Massachusetts

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Retail2,856 SF
Sold 06/29/2022
the dealplayerscompscontact
Property Image
SOLD

Retail Property At 45 Lynnfield St In Lynn, MA Sells For $640K With Seller's Rep David Maker And Buyer's Rep Sabrina Carr

45 Lynnfield Street, Lynn, Massachusetts 01904, United States

See Similar Deals
Retail2,856 SF
Sold 06/29/2022
Sabrina Carr
David Maker
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$224
Total Square Footage:2,856 SF
Transaction Type:Sale

Located at 45 Lynnfield St in Lynn, MA, this retail property has recently been sold in a closed transaction. The property spans a total of 2,856 square feet and is situated on a plot of 8,140 square feet. It features a private fenced-in yard and a 10 x 10 drive-in door bay. With 115 feet of Lynnfield Street frontage, the property enjoys prominent visibility on a corner lot. The daily traffic counts reach approximately 28,000.

Summary of transation details

  • Property Type: Retail
  • Sale Price: $640,000
  • Price per Square Foot: $224
  • Date: 06/29/2022
  • Brokers Involved: David Maker - Maker Capital, Sabrina Carr - William Raveis

In this transaction, the seller was represented by David Maker of Maker Capital, and the buyer was represented by Sabrina Carr of William Raveis. Both brokers played instrumental roles in the successful sale of this stand-alone retail building.

Players

David Maker
David Maker
7 deals$3M volume(617) 504-4157
BROKER
Sabrina Carr
William Raveis Real Estate
Sabrina Carr
2 deals$1.6M volume
BROKER

Details

SOLD
IMAGE: David Maker & Sabrina Carr DATE: 06/29/2022 ADDRESS: 45 Lynnfield St MARKET: Lynn, MA ASSET TYPE: Retail BROKERS: David Maker - Maker Capital (@MakerCapital) & Sabrina Carr (@SabrinagCarr) - William Raveis (@WilliamRaveis) SALE PRICE: $640,000 SF: 2,856 ~ PPSF: $224 NOTE FROM BROKER: David Maker represented the seller, Sabrina Carr represented the buyer. 2,838 SF Stand Alone Building 8,140 SF Plot | Private Fenced in Yard 10 x 10 Drive in Door Bay 115 Feet Lynnfield Street Frontage 28K Traffic Counts per Day Prominent Visibility On Corner Lot

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$34,133.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$2,273.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,033.93
Annual Debt Service$36,407.12