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25 Gardner Street

Matthew Sears Of Armstrong Field Real Estate Brokers $2.75M Farm Sale In South Hamilton, MA
SOLDFarm

Matthew Sears Of Armstrong Field Real Estate Brokers $2.75M Farm Sale In South Hamilton, MA

25 Gardner Street

$2,750,000

$503/SF

Building Size

5,461 SF

Asset Type

Farm

Closing

Mar 28, 2024

AI

25 Gardner St. in Hamilton, MA, is a 5,461 square foot farm that was recently sold for $2.75 million at a price per square foot of $504. This property, located in South Hamilton, MA, was on the market for the first time in over 70 years.

Summary of transation details:

The sale of 25 Gardner St. involved Matthew Sears from Armstrong Field Real Estate as the broker representing the deal. This transaction marks a significant event for the property, changing ownership after being held for more than 70 years.

Players

Matthew Sears

Armstrong Field Real Estate

Broker

$5.7M

vol

2 deals

Broker

South Hamilton 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

5.77%

Cash-on-Cash

-1.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93