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17 Kenneth Road

Updated Dec 20, 2023

Compass Broker Christine Tierney Sells Special Purpose Property In Marblehead, MA For $3.2M
SOLD

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

Christine Tierney

Compass

Broker

$12.4M

vol

7 deals

Broker

Marblehead CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $759 per square foot on a published $3.2M for 4,211 square feet (2022).

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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

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