Updated Dec 21, 2023
Keith Ross Sells 512 Acres Of Land In Douglas, MA For $1.5M
Orange Street, Douglas, Massachusetts 01516, United States
$1,500,000
Building Size
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Asset Type
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Closing
Dec 30, 2021
About this deal
AI
The sale of a land asset in Douglas, MA has been completed. The property is located on Orange St and spans approximately 512 acres. The transaction was facilitated by Ron Perreault Team - Clockhouse Realty, representing the buyer, and Keith Ross from Landvest, representing the seller. The sale took place on December 30, 2021, and the property was sold for $1,500,000.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,500,000
- Address: Orange St
- Market: Douglas, MA
- Asset Type: Land
- Acres: 512
- Buyer's Rep: Ron Perreault Team - Clockhouse Realty
- Seller's Rep: Keith Ross - Landvest
The buyer, represented by Ron Perreault Team - Clockhouse Realty, successfully purchased the land from the seller, Keith Ross, represented by Landvest. This transaction marks the completion of a lucrative deal in the Douglas, MA market. The sizeable land asset offers great potential for various development opportunities.
Players
Douglas CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93