Updated Dec 21, 2023
Horvath & Tremblay Brokers Acquire Mixed-Use Property In Somerville, MA For $5.82M
126 Pearl Street, Somerville, Massachusetts 02145, United States
$5,820,000
$443/SF
Building Size
13,131 SF
Asset Type
Mixed-use
Closing
Aug 25, 2022
About this deal
AI
A mixed-use property located at 126 Pearl St in Somerville, MA was recently sold for a total price of $5,820,000. The property spans a total square footage of 13,131, resulting in a price per square foot of $443. This transaction took place on August 26, 2022 and was facilitated by brokers Dennis Kelleher and John Pentore of Horvath & Tremblay.
Summary of transaction details
- Property Type: Mixed-use
- Sale Price: $5,820,000
- Square Footage: 13,131
- Price Per Square Foot: $443
- Transaction Date: August 26, 2022
- Market: Somerville, MA
- Brokers: Dennis Kelleher & John Pentore - Horvath & Tremblay
The transaction involved brokers Dennis Kelleher and John Pentore from Horvath & Tremblay. They represented the parties involved in the deal, assisting with the successful sale of the mixed-use property located at 126 Pearl St in Somerville, MA.
Players
Somerville 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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93