Galley West LLC Acquires 7 Acre Farm In West Barnstable From Ordway Properties LLC For $5.5M
2199 Main Street & 2211 Main Street
$5,500,000
Building Size
—
Asset Type
Farm
Closing
Feb 7, 2025
AI
Galley West LLC acquired a 7+ acre farm property located at 2199-2211 Main Street in West Barnstable, MA. The transaction was completed for a total amount of $5,500,000.
Summary of transaction details:
- Property Type: Farm
- Transaction Amount: $5,500,000
- Buyer: Galley West LLC
- Seller: Ordway Properties LLC
- Address: 2199-2211 Main Street
- Market: West Barnstable, MA
- Asset Size: 7+ Acres
- Brokers: Lori Nery & Noble Vincent - Coastal Commercial Real Estate
This transaction involved key players including the buyer, Galley West LLC, and the seller, Ordway Properties LLC, both of whom were represented in this deal by Lori Nery and Noble Vincent from Coastal Commercial Real Estate.
Players
West Barnstable Farm Market Snapshot
Boundary boundary · Farm · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93