Nolan Johnson Acquires Retail Property In Lowell, MA For $1.9M
SOLD
$1,900,000
Massachusetts
See Similar DealsRetail
Sold 10/08/2021
SOLD
Nolan Johnson Acquires Retail Property In Lowell, MA For $1.9M
681 Bridge St, Lowell, MA, USA
See Similar DealsRetail
Sold 10/08/2021
Summary
MASSACHUSETTS
Asset Type:Retail
Transaction Type:Sale
The retail property located at 681 Bridge St in Lowell, MA was recently sold for a total price of $1,900,000. The transaction took place on 10/08/2021. The property consists of 24 units, making the price per unit approximately $79,167.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,900,000
- Units: 24
- Price Per Unit: $79,167
- Date: 10/08/2021
- Address: 681 Bridge St, Lowell, MA
- Market: Lowell, MA
The sale of this retail property was facilitated by Nolan Johnson of B+E. As the broker, Nolan Johnson represented the involved parties in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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