Nolan Johnson Of B&E Brokers $1.9M Retail Sale In Lowell, MA
SOLD
$1,900,000
Massachusetts
See Similar DealsRetail7,503 SF
Sold 10/29/2021
SOLD
Nolan Johnson Of B&E Brokers $1.9M Retail Sale In Lowell, MA
71-73 Mammoth Rd, Lowell, Massachusetts, USA
See Similar DealsRetail7,503 SF
Sold 10/29/2021
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$253
Total Square Footage:7,503 SF
Transaction Type:Sale
A retail property located at 71-73 Mammoth Rd in Lowell, MA has been sold for a price of $1,900,000. The property consists of 24 units, with a price per unit of $79,167. The sale was facilitated by broker Nolan Johnson from B+E.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,900,000
- Address: 71-73 Mammoth Rd
- Market: Lowell, MA
- Number of Units: 24
- Price per Unit: $79,167
- Broker: Nolan Johnson - B+E
The sale of this retail property was successfully closed with the assistance of broker Nolan Johnson from B+E. The transaction demonstrates the continued activity and growth in the Lowell, MA market.
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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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