Roy Serpa Acquires Development Site At 371 Cabot Street Beverly MA For $800000 With Broker Brian DApice
SOLD
$800,000
Massachusetts
See Similar DealsDevelopment Site
Sold 03/17/2025
SOLD
Roy Serpa Acquires Development Site At 371 Cabot Street Beverly MA For $800000 With Broker Brian DApice
371 Cabot Street
See Similar DealsDevelopment Site
Sold 03/17/2025
Summary
MASSACHUSETTS
Asset Type:Development Site
Transaction Type:Sale
The asset involved in this transaction is a development site located at 371 Cabot Street in Beverly, MA, with a sale price of $800,000. The total building square footage is approximately 3,709, resulting in a price per building square foot of $215.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $800,000
- Buyer: Roy Serpa
- Seller: Jesse Jalbert
- Broker: Brian DApice - The Mega Group
Brian DApice, representing The Mega Group, facilitated this transaction, connecting Roy Serpa as the buyer and Jesse Jalbert as the seller in this development site sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$42,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,842.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,792.41
Annual Debt Service$45,508.90
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