Horvath & Tremblay Represents Buyer In $3.0M Retail Sale In Lawrence, MA
55 Hampshire Street
$3,038,257
$1,006/SF
Building Size
3,020 SF
Asset Type
Retail
Closing
Apr 27, 2022
AI
Located at 55 Hampshire St in Lawrence, MA, this retail property recently changed hands in a sale transaction. The property spans a total area of 3,020 square feet. The sale price for this asset was $3,038,257, resulting in a price per square foot of $1,006.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,038,257
- Address: 55 Hampshire St, Lawrence, MA
- Market: Lawrence, MA
- Buyer's Rep: Brian Ahrens - Horvath & Tremblay
- Seller's Rep: Matt Kramer - Pegasus Investments
Brian Ahrens from Horvath & Tremblay represented the buyer in this transaction, while Matt Kramer from Pegasus Investments served as the seller's representative.
Players
Lawrence 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
5.22%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93