Old Wharf Dennis Acquires 19.2-Acre Land In Dennisport, MA For $29.2M From Chases Ocean Grove
SOLD
$29,200,000
+ 1
Massachusetts
See Similar DealsLand
Sold 05/01/2023
SOLD
Old Wharf Dennis Acquires 19.2-Acre Land In Dennisport, MA For $29.2M From Chases Ocean Grove
217, 218, 220, 230 &Amp; 241 Old Wharf Rd
See Similar DealsLand
Sold 05/01/2023
+ 1
Summary
MASSACHUSETTS
Asset Type:Land
Transaction Type:Sale
Old Wharf Dennis has purchased a 19.2-acre land in Dennisport, Massachusetts, for $29.2 million from Chases Ocean Grove. The property, located at 217, 218, 220, 230, and 241 Old Wharf Rd, features 1,000 feet of beachfront access along Nantucket Sound. It is encumbered by 277 individual ground leases.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $29,200,000
- Market: Dennis Port, MA
- Acres: 19.2
The deal was facilitated by Martha Nay, Alan Suzuki, Matt Enright, and Kellie Coveney from JLL.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,557,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$103,741.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$138,422.90
Annual Debt Service$1,661,074.77
Is there something missing? Send suggestions