Updated Dec 21, 2023
Marcus & Millichap Brokers Sell Lynn, MA Retail Property For $1.92M
555 Lynnway, Lynn, MA 01905, USA
$1,920,000
$320/SF
Building Size
6,000 SF
Asset Type
Retail
Closing
Jul 23, 2020
About this deal
AI
The retail property located at 555 Lynnway in Lynn, MA recently sold for $1,920,000. The property spans a total of 6,000 square feet, resulting in a price per square foot of $320.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,920,000
- Address: 555 Lynnway, Lynn, MA
- Market: Lynn, MA
The sale was facilitated by Marcus & Millichap, with Adam Cohen, Brett Kilar, and Grace Kenney representing the parties involved in the transaction.
The retail sale at 555 Lynnway, Lynn, MA 01905, USA in Lynn, Massachusetts sold for $1.9M in 2020. The building is 6,000 square feet, implying about 320 per square foot on the published price. Grace Kenney, Brett Kilar, Adam Cohen, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Lynn, Massachusetts file for the 555 Lynnway, Lynn, MA 01905, USA retail sold: pricing, party profiles, and other closed retail comps from the same Lynn sit in the Market section below. Filter that Lynn retail set by closing date to see what else sold near 555 Lynnway, Lynn, MA 01905, USA around 2020. Published consideration for 555 Lynnway, Lynn, MA 01905, USA is $1.9M, dated 2020. Cite this Marcus & Millichap Brokers Sell Lynn, MA Retail Property For $1.92M sale when underwriting similar retail product around Lynn, Massachusetts.
Players
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
8.26%
Cash-on-Cash
-2.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93