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.
Osterville 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93