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591 Grand Island Drive, Bar...

Berkshire Hathaway HomeServices Acquires Barnstable, MA Land For $1.8M
SOLD

Berkshire Hathaway HomeServices Acquires Barnstable, MA Land For $1.8M

591 Grand Island Drive, Barnstable, Osterville, Massachusetts, USA

$1,800,000

$40/SF

Building Size

44,431 SF

Asset Type

Closing

Aug 23, 2020

AI

Located at 591 Grand Island Dr in Barnstable, MA, this transaction involved the sale of a 1.02-acre land property. The property was represented by The Quirk Group from Coldwell Banker Realty - Back Bay, acting as the seller's representative. On the buyer's side, Robert Kinlin from Berkshire Hathaway HomeServices Robert Paul Properties served as the buyer's representative.

Summary of transation details

  • Property Type: Land
  • Transaction Amount: $1,800,000
  • Address: 591 Grand Island Dr, Barnstable, MA
  • Market: Barnstable, MA
  • Seller's Representative: The Quirk Group - Coldwell Banker Realty - Back Bay
  • Buyer's Representative: Robert Kinlin - Berkshire Hathaway HomeServices Robert Paul Properties
  • Land Area: 1.02 acres
  • Price per Acre (PPA): $1,764,706

This transaction took place on August 23, 2021. With a sale price of $1,800,000, the 1.02-acre land offers a prime opportunity for development or investment purposes. The involvement of The Quirk Group from Coldwell Banker Realty - Back Bay as the seller's representative and Robert Kinlin from Berkshire Hathaway HomeServices Robert Paul Properties as the buyer's representative demonstrates the collaboration between experienced professionals in the real estate industry.

Players

Robert Kinlin

Berkshire Hathaway HomeServices

Broker

$69.5M

vol

15 deals

Broker

Osterville CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93