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149 Enterprise Dr Chatham, ...

Northeast Advisors Facilitates $1.2M Sale Of Development Site In Chatham, MA
SOLDDevelopment Site

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

Evan J. Dean

Northeast Advisors

Broker

$6.3M

vol

3 deals

Broker

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