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143 Canal Street, Salem, Ma...

Updated Dec 21, 2023

Northshore Realty Advisor Facilitates $1.88M Package Deal Sale In Salem, MA
SOLD

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.

Players

Dan Pouladian

Northshore Realty Advisors

Broker

$310.7M

vol

69 deals

Broker

Salem CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $265 per square foot on a published $1.9M for 7,089 square feet (2022).

Visit Dan Pouladian to view all their deals.

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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

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