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555 Lynnway, Lynn, MA 01905...

Marcus & Millichap Brokers Sell Lynn, MA Retail Property For $1.92M
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

Adam Cohen

Marcus & Millichap

Broker

$47.1M

vol

10 deals

Broker

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