SOLD
The DSF Group Acquires Lowell, MA Multifamily From Candor Realty For $25.9M
1250 & 1260 Westford Street
MultiFamily
115,316 SF
115,316 SF
Sold 1 year ago
Summary
Sale
MASSACHUSETTS
MultiFamily
115,316 sqft
The multifamily property located at 1250 & 1260 Westford Street in Lowell, MA has been sold for a total of $25,900,000. The property spans a total area of 115,316 square feet, resulting in a price per square foot of $224.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $25,900,000
- Address: 1250 & 1260 Westford Street, Lowell, MA
- Market: Lowell, MA
The buyer of the property is The DSF Group, while the seller is Candor Realty. The deal was facilitated by brokers Samuel Finkler, Audley Clarke, and Andrew Hyans from TrueRate Services.
According to the broker, this sale presents a high-upside value-add opportunity in an upward trending submarket. The sellers were able to capitalize on a 23% increase in value over just a 12-month holding period. The transaction involved a completely as-is sale, with a large non-refundable contract deposit and a 30-day closing period. The property was sold at a day one 4.25% cap rate.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
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.View on map
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Address1250 & 1260 Westford Street
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