Updated Dec 21, 2023
Nolan Johnson Acquires Retail Property In Lowell, MA For $1.9M
681 Bridge St, Lowell, MA, USA
$1,900,000
Units
24
Asset Type
Retail
Closing
Oct 8, 2021
About this deal
AI
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.
Players
Lowell 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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93