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106 Longwater Drive, Norwel...

4M6 Resnik LLC Acquires Mixed-Use Property In Norwell, MA For $4.85M
SOLDMixed-use

4M6 Resnik LLC Acquires Mixed-Use Property In Norwell, MA For $4.85M

106 Longwater Drive, Norwell, Massachusetts 02061, United States

$4,850,000

$194/SF

Building Size

25,000 SF

Asset Type

Mixed-use

Closing

Aug 18, 2022

AI

Located at 106 Longwater Dr in Norwell, MA, this property is a mixed-use asset that was recently sold. The transaction took place on August 19, 2022.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $4,850,000
  • Square Footage: 25,000
  • Price Per Square Foot: $194
  • Address: 106 Longwater Dr, Norwell, MA
  • Market: Norwell, MA

The buyer of this property is 4M6 Resnik LLC, while the seller is Longwater Realty LLC. The deal was facilitated by Jim McEvoy & Robert Conrad from The Conrad Group, who represented the parties involved.

This transaction highlights the successful collaboration between the buyer and seller, as well as the expertise of Jim McEvoy & Robert Conrad from The Conrad Group in facilitating the deal. It demonstrates the strong demand for mixed-use properties in Norwell, MA, and the favorable market conditions.

Players

James McEvoy

Broker

$62.7M

vol

13 deals

Broker

Norwell Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.27%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93