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45 Lynnfield Street, Lynn, ...

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

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

$640,000

$224/SF

Building Size

2,856 SF

Asset Type

Retail

Closing

Jun 28, 2022

AI

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

Broker

$3M

vol

7 deals

Broker

Lynn Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

24.79%

Cash-on-Cash

-7.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93