Updated Oct 28, 2024
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
$8,911,536
Building Size
—
Asset Type
Retail
Closing
May 12, 2022
About this deal
AI
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.
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
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93