Updated Dec 20, 2023
Compass Broker Christine Tierney Sells Special Purpose Property In Marblehead, MA For $3.2M
17 Kenneth Road
$3,200,000
$759/SF
Building Size
4,211 SF
Asset Type
—
Closing
Sep 30, 2022
About this deal
AI
Located in Marblehead, MA, the special purpose property at 17 Kenneth Road recently sold for a price of $3,200,000. The transaction was facilitated by Compass broker Christine Tierney.
Summary of transaction details:
- Property Type: Special Purpose
- Transaction Amount: $3,200,000
- Square Footage: 4,211
- Price Per Square Foot: $760
- Address: 17 Kenneth Road, Marblehead, MA
- Market: Marblehead, MA
Christine Tierney of Compass represented the involved parties in this sale, ensuring a successful transaction. The property offers a spacious 4,211 square feet and was sold at a price per square foot of $760. This sale represents a noteworthy deal in the special purpose asset category.
Players
Marblehead 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93