Updated Dec 20, 2023
Horvath & Tremblay Brokers Sale Of Retail Property On Church Street In Lowell, MA For $10.8M
55 Church St, Lowell, Massachusetts 01852, United States
$10,800,000
Building Size
—
Asset Type
Retail
Closing
Jan 27, 2022
About this deal
AI
A retail property located at 55-177 Church Street in Lowell, MA has been sold for a total of $10,800,000. The transaction took place on January 28, 2022. The property, as depicted in an image by Todd Tremblay, is situated in a bustling market in Lowell. This retail asset offers a prime commercial space in a vibrant location.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,800,000
- Date: January 28, 2022
- Address: 55-177 Church Street, Lowell, MA
- Market: Lowell, MA
The sale of this retail property was facilitated by Todd Tremblay from Horvath & Tremblay, acting as the broker in the deal.
Lowell 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
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93