Manzo Freeman Development Acquires Industrial Property In Lawrence, MA For $7.05M
15 Union Street, Lawrence, MA, USA
$7,050,000
$47/SF
Building Size
150,000 SF
Asset Type
Industrial
Closing
Jun 3, 2021
AI
A industrial property located at 15 Union St in Lawrence, MA has been sold. The sale took place on 06/04/2021, and the property was purchased by Manzo Freeman Development, represented by Alex Freeman and RealtyMogul. The sale price for the property was $7,050,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,050,000
- Date: 06/04/2021
- Address: 15 Union St, Lawrence, MA
- Buyer: Manzo Freeman Development - Alex Freeman & RealtyMogul
During the transaction, Alex Freeman and RealtyMogul represented Manzo Freeman Development. They played a key role in the sale of the industrial property located at 15 Union St, Lawrence, MA.
Players
Brasher Falls Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.25%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93