SOLDRetail
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
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.
Players
Lynn 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
8.26%
Cash-on-Cash
-2.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93