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

Property Image
SOLD
$1,200,000

Massachusetts

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Development Site27,613 SF
Sold 08/04/2023
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Property Image
SOLD

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

149 Enterprise Dr Chatham, MA 02633, USA

See Similar Deals
Development Site27,613 SF
Sold 08/04/2023
Contact now

Summary

MASSACHUSETTS
Asset Type:Development Site
Price Per Square Foot:$43
Total Square Footage:27,613 SF
Transaction Type:Sale

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
3 deals$6.3M volume(774) 484-7344
BROKER

Details

SOLD
IMAGE: Evan J. Dean DATE: 08/04/2023 ADDRESS: 149 Enterprise Road MARKET: Chatham, MA ASSET TYPE: Development Site BROKER: Evan J. Dean (@EvanJDean) - Northeast Advisors (@NortheastAdvisors) SALE PRICE: $1,200,000 SF: 27,613 ~ PPSF: $43 NOTE FROM BROKER: Conveniently located off of Route 28 and on the cul-de-sac of the highly desirable Enterprise Drive Industrial Park, 149 Enterprise Drive is a commercial property full of potential. It was our pleasure to assist both the Buyer and the Seller in this transaction. We look forward to the future redevelopment of this property as our Buyer's plans begin in earnest.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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