facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Retail

/

Sale

/

55 Hampshire Street

Horvath & Tremblay Represents Buyer In $3.0M Retail Sale In Lawrence, MA
SOLDRetail

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

Brian Ahrens

Horvath & Tremblay

Broker

$38.7M

vol

9 deals

Broker

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