Updated Oct 28, 2024
V10 Development Acquires Mixed-Use Property In Everett MA For $3.9M
108 Spring Street, Everett, Massachusetts 02149, United States
$3,900,000
$93/SF
Building Size
41,556 SF
Asset Type
Mixed-use
Closing
Jan 14, 2022
About this deal
AI
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.
Players
Everett Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93