Updated Dec 21, 2023
Northshore Realty Advisor Facilitates $1.88M Package Deal Sale In Salem, MA
143 Canal Street, Salem, Massachusetts 01970, United States
$1,880,000
$265/SF
Building Size
7,089 SF
Asset Type
—
Closing
Feb 28, 2022
About this deal
AI
143 and 141 Canal Street in Salem, MA have been sold together as a package deal. The transaction was facilitated by Dan Pouladian of NorthShore Realty Advisor.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $1,880,000
- Square Footage: 7,089 SF
- Price per Square Foot: $265
- Address: 143 and 141 Canal Street, Salem, MA
- Market: Salem, MA
Dan Pouladian from NorthShore Realty Advisor represented the seller on the sale of 143 Canal Street and was able to procure the buyer. Additionally, Pouladian was able to obtain the abutting property at 141 Canal Street, which consists of industrial/warehouse space.
Salem CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.44%
Cash-on-Cash
-2.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93