Store Capital Acquires Retail Property On Chelmsford St In Lowell, MA From Restaurant Growth Services LLC For $8.9M
SOLD
$8,911,536
Massachusetts
See Similar DealsRetail
Sold 05/13/2022
SOLD
Store Capital Acquires Retail Property On Chelmsford St In Lowell, MA From Restaurant Growth Services LLC For $8.9M
850 Chelmsford Street, Lowell, Massachusetts 01851, United States
See Similar DealsRetail
Sold 05/13/2022
Summary
MASSACHUSETTS
Asset Type:Retail
Transaction Type:Sale
An $8,911,536 retail property located at 850 Chelmsford St in Lowell, MA was recently sold. The property was part of a transaction between Store Capital and Restaurant Growth Services LLC, represented by Craig Barber. The sale took place on May 13, 2022. The property features a retail space and is situated in the Lowell market.
Summary of transaction details
- Property Type: Retail
- Sale Price: $8,911,536
- Address: 850 Chelmsford St, Lowell, MA
- Market: Lowell, MA
Craig Barber, representing Restaurant Growth Services LLC, played a key role in the transaction as the seller. Store Capital acquired the property from Restaurant Growth Services LLC. The deal signifies the successful sale of a retail asset in the Lowell market, contributing to the overall real estate landscape in the area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$475,281.90
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,660.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,245.23
Annual Debt Service$506,942.73
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