Updated Sep 30, 2026
SOLDChurch
Seventhday Adventist Acquires Church From Rachael Winer In Peabody For $700,000
0 Elliott Place
$700,000
$179/SF
Building Size
3,900 SF
Asset Type
Church
Closing
Nov 2, 2025
About this deal
AI
The asset involved in this transaction is a church located at 0 Elliott Place, Peabody, MA. The sale was finalized for a price of $700,000, with a total square footage of 3,900 and a price per square foot of $179.
Summary of transation details:
- Property Type: Church
- Transaction Amount: $700,000
- Buyer: Seventhday Adventist
- Seller: Rachael Winer - Sons of Israel
- Broker: Brian DApice - The Mega Group
Brian DApice from The Mega Group represented the seller, Rachael Winer - Sons of Israel, in this transaction. The buyer of the property is the Seventhday Adventist organization.
On the Map
$700,000
$179/SF
Church
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Players
Peabody Church Market Snapshot
Boundary boundary · Church · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
22.66%
Cash-on-Cash
-6.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93