Northeast Advisors Facilitates $1.2M Sale Of Development Site In Chatham, MA
149 Enterprise Dr Chatham, MA 02633, USA
$1,200,000
$43/SF
Building Size
27,613 SF
Asset Type
Development Site
Closing
Aug 4, 2023
AI
Located in Chatham, MA, the development site at 149 Enterprise Road recently underwent a property transaction. The property spans a total of 27,613 square feet and was sold for a price of $1,200,000. The sale price per square foot equates to $43. Situated on the cul-de-sac of the highly desirable Enterprise Drive Industrial Park, this commercial property offers great potential for future redevelopment.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $1,200,000
- Square Feet: 27,613
- Price per Square Foot: $43
- Address: 149 Enterprise Road, Chatham, MA
- Market: Chatham, MA
Evan J. Dean, a broker from Northeast Advisors, represented both the buyer and the seller in this transaction. With its convenient location off of Route 28, the property holds promise for future commercial development. The buyer's plans for redevelopment are now set to commence, and Northeast Advisors looks forward to witnessing the property's transformation.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93