Scott Wheaton Purchases Mixed-use Property At 130 Cabot Street Beverly For $5 Million
SOLD
$5,000,000
Massachusetts
See Similar DealsMixed-use16,966 SF
Sold 12/22/2025
SOLD
Scott Wheaton Purchases Mixed-use Property At 130 Cabot Street Beverly For $5 Million
130 Cabot Street
See Similar DealsMixed-use16,966 SF
Sold 12/22/2025
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$294
Total Square Footage:16,966 SF
Transaction Type:Sale
This mixed-use property located at 130 Cabot Street in Beverly, MA, was sold for a price of $5,000,000. The asset consists of 13 units, totaling 16,966 square feet, which equates to a price per unit of $384,615 and a price per square foot of $294.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,000,000
- Units: 13
- Square Footage: 16,966
- Price Per Unit: $384,615
- Price Per Square Foot: $294
- Buyer: Scott Wheaton
- Seller: Noah Hano
- Broker: Stephen Girolamo - Horvath & Tremblay
The transaction involved key individuals, including buyer Scott Wheaton and seller Noah Hano, with representation provided by broker Stephen Girolamo from Horvath & Tremblay, highlighting their roles in finalizing the property transfer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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