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371 Cabot Street

Roy Serpa Acquires Development Site At 371 Cabot Street Beverly MA For $800000 With Broker Brian DApice
SOLDDevelopment Site

Roy Serpa Acquires Development Site At 371 Cabot Street Beverly MA For $800000 With Broker Brian DApice

371 Cabot Street

$800,000

Building Size

Asset Type

Development Site

Closing

Mar 17, 2025

AI

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:

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.

Players

Brian DApice

The Mega Group

Broker

$50.3M

vol

16 deals

Broker
The Mega Group
The Mega GroupBrokerage

Beverly Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

19.83%

Cash-on-Cash

-5.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93