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1250 & 1260 Westford Street

The Multi Family property located in Boston that spans 115,316 square feet sold for $25,900,000 or $225 PPSF. The deal closed 2 months and 2 days ago. The brokers of the deal were Samuel Finkler, Audley Clarke and Andrew (AJ) Hyans

  • Location image 1250 Westford Street, Lowell, Massachusetts 01851, United States
  • Sold Value
    image $25,900,000
    image $225
  • Asset Type image Multi Family
  • Area image 115,316 SF
  • Parties image3 Brokers,1 Agency
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Samuel Finkler

TrueRate Services
  • Deals 17
  • Volume $75,520,000
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Audley Clarke

TrueRate Services
  • Deals 3
  • Volume $44,320,000
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Andrew (AJ) Hyans

TrueRate Services
  • Deals 3
  • Volume $44,320,000
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Comparables: 1250 & 1260 Westford Street

Showing 4 of 9

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Price Icon $26,700,000

  • StatusSOLD
  • Date09/16/22
  • Address13 Brookside Avenue, Worcester, Massachusetts 01602, United States
  • Address13 Brookside...
  • AssetMULTI FAMILY
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Price Icon $24,379,000

  • StatusSOLD
  • Date07/08/22
  • Address170 Washington Street, Haverhill, Massachusetts 01832, United States
  • Address170 Washington...
  • AssetMULTI FAMILY
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Price Icon $26,000,000

  • StatusSOLD
  • Date06/14/22
  • Address599 Columbus Avenue, Boston, Massachusetts 02118, United States
  • Address599 Columbus...
  • AssetMULTI FAMILY
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Price Icon $24,000,000

  • StatusSOLD, $333 PPSF
  • Date03/07/22
  • Address164 Blossom Street, Lynn, Massachusetts 01902, United States
  • Address164 Blossom...
  • AssetMULTI FAMILY
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This Deal on Social

SALE
IMAGE: Samuel Finkler, Audley Clarke & Andrew Hyans
DATE: 08/01/2022
ADDRESS: 1250 & 1260 Westford Street
MARKET: Lowell, MA
ASSET TYPE: Multifamily

BUYER: The DSF Group
SELLER: Candor Realty
BROKERS: Samuel Finkler (@Sam_Finkler), Audley Clarke (@TheAudleyClarke) & Andrew Hyans (@AJHyans) – TrueRate Services

SALE PRICE: $25,900,000
SF: 115,316 ~ PPSF: $224

NOTE FROM BROKER: High-upside value-add play in an upward trending submarket. Sellers were able to capitalize on a 23% increase in value over just a 12-month holding period. Completely as-is sale with a large non-refundable contract deposit and 30-day close. Property was sold for a day one 4.25% cap.

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SALE
IMAGE: Samuel Finkler, Audley Clarke & Andrew Hyans
DATE: 08/01/2022
ADDRESS: 1250 & 1260 Westford Street
MARKET: Lowell, MA
ASSET TYPE: Multifamily

BUYER: The DSF Group
SELLER: Candor Realty
BROKERS: Samuel Finkler (@Sam_Finkler), Audley Clarke (@TheAudleyClarke) & Andrew Hyans (@AJHyans) – TrueRate Services

SALE PRICE: $25,900,000
SF: 115,316 ~ PPSF: $224

NOTE FROM BROKER: High-upside value-add play in an upward trending submarket. Sellers were able to capitalize on a 23% increase in value over just a 12-month holding period. Completely as-is sale with a large non-refundable contract deposit and 30-day close. Property was sold for a day one 4.25% cap.

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Contact Samuel Finkler

Samuel is the Vice President of Investment Sales at TrueRate. Samuel has 5+ years of experience in the investment sales...

Audley is an Investment Sales Associate at TrueRate. Audley previously worked at Marcus and Millichap, where he was recognized as...

Andrew (AJ) Hyans is an Investment Sales Analyst at TrueRate supporting the investment sales team. AJ underwrites properties for prospective...

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