Updated Dec 21, 2023
Chris Melanson Of MANSARD Facilitates $1.4M Sale Of Retail Property In Dracut, MA
55 Loon Hill Road Dracut, Massachusetts 01826, USA
$1,395,000
Building Size
—
Asset Type
Retail
Closing
May 19, 2023
About this deal
AI
Chris Melanson of MANSARD has facilitated the sale of 55 Loon Hill Rd in Dracut, MA. The property is a retail asset with 3.67 acres of land. The transaction was completed on 05/19/2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,395,000
- Address: 55 Loon Hill Road, Dracut, MA
- Market: Dracut, MA
- Broker: Chris Melanson - MANSARD
This sale of 55 Loon Hill Rd was facilitated by Chris Melanson, who represented the seller and found the buyer for the transaction. The property offers numerous permitted uses including recreation, retail, and medical office.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.37%
Cash-on-Cash
-3.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93