Town Of Sandwich Acquires 88 Acres Of Land In East Sandwich For $3.3M
225 Discovery Hill Rd
$3,300,000
Building Size
—
Asset Type
Land
Closing
Apr 22, 2025
AI
The transaction involved an 88-acre land sale in East Sandwich, MA, comprising three vacant parcels. The sale price was $3,300,000. The specific addresses for the parcels included 225 Discovery Hill Rd, 190-R Discovery Hill Rd, and 116-A Kiah’s Way.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $3,300,000
- Acres: 88
- Market: East Sandwich, MA
- Sale Date: April 22, 2025
- Broker: John Ciluzzi - Premier Commercial
John Ciluzzi of Premier Commercial successfully brokered the sale, representing the town of Sandwich in this significant acquisition, marking Cape's largest land sale in decades.
Players
East Sandwich Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93