Marcus & Millichap Brokers Sell Lynn, MA Retail Property For $1.92M
SOLD
$1,920,000
Massachusetts
See Similar DealsRetail6,000 SF
Sold 07/23/2020
SOLD
Marcus & Millichap Brokers Sell Lynn, MA Retail Property For $1.92M
555 Lynnway, Lynn, MA 01905, USA
See Similar DealsRetail6,000 SF
Sold 07/23/2020
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$320
Total Square Footage:6,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$102,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,821.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,101.78
Annual Debt Service$109,221.35
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