Updated Dec 21, 2023
J. Barrett & Company Acquires Land In Newbury, MA For $1.5M
Gadsden Ln Lot 1, Newbury, MA 01951
$1,534,372
Building Size
—
Asset Type
—
Closing
Mar 30, 2022
About this deal
AI
A land asset located on Gadsden Ln Lot 1 in Newbury, MA has been sold for a total price of $1,534,372. The transaction took place on March 31, 2022.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,534,372
- Market: Newbury, MA
The buyer's representative in this deal was Sue Collins from J. Barrett & Company. Representing the seller was Gretchen Maguire from Realty One Group Nest.
The commercial sale at Gadsden Ln Lot 1, Newbury, MA 01951 in Newbury, Massachusetts sold for $1.5M in 2022. Named participants on the Gadsden Ln Lot 1, Newbury, MA 01951 sale are Sue Collins, Gretchen Maguire. This page is the Newbury, Massachusetts file for the Gadsden Ln Lot 1, Newbury, MA 01951 commercial sold: pricing, party profiles, and other closed commercial comps from the same Newbury sit in the Market section below. Filter that Newbury commercial set by closing date to see what else sold near Gadsden Ln Lot 1, Newbury, MA 01951 around 2022. Published consideration for Gadsden Ln Lot 1, Newbury, MA 01951 is $1.5M, dated 2022. Cite this J. Barrett & Company Acquires Land In Newbury, MA For $1.5M sale when underwriting similar commercial product around Newbury, Massachusetts.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.34%
Cash-on-Cash
-2.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93