Updated Dec 20, 2023
Nolan Johnson Of B&E Brokers $1.9M Retail Sale In Lowell, MA
71-73 Mammoth Rd, Lowell, Massachusetts, USA
$1,900,000
$253/SF
Building Size
7,503 SF
Asset Type
Retail
Closing
Oct 29, 2021
About this deal
AI
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.
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