V10 Development Acquires Mixed-Use Property In Everett MA For $3.9M
SOLD
$3,900,000
Massachusetts
See Similar DealsMixed-use41,556 SF
Sold 01/14/2022
SOLD
V10 Development Acquires Mixed-Use Property In Everett MA For $3.9M
108 Spring Street, Everett, Massachusetts 02149, United States
See Similar DealsMixed-use41,556 SF
Sold 01/14/2022
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$93
Total Square Footage:41,556 SF
Transaction Type:Sale
Located in Everett, MA, the property at 108-114 Spring Street has recently been sold in a closed transaction. This mixed-use asset offers a total of 41,556 square feet of space. The sale price was $3,900,000, leading to a price per square foot of $94.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,900,000
- Address: 108-114 Spring Street, Everett MA
- Market: Everett MA
The buyer for this transaction was V10 Development, while the seller was Nead Realty LLC. The deal was facilitated by Jack Ordway from Evo Real Estate, who represented the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$208,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88
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