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130 Centre Street

Kayla Nassar Purchases Mixed-Use Asset At 130 Centre Street In Danvers For $4.8M
SOLDMixed-use

Kayla Nassar Purchases Mixed-Use Asset At 130 Centre Street In Danvers For $4.8M

130 Centre Street

$4,800,000

$161/SF

Building Size

29,708 SF

Asset Type

Mixed-use

Closing

May 14, 2025

AI

The mixed-use property located at 130 Centre Street in Danvers, MA was sold for $4,800,000. The asset consists of 49 units and encompasses a total square footage of 29,708, with a price per unit of $97,959 and a price per square foot of $161.

Summary of transaction details:

The transaction was facilitated by three brokers from Horvath & Tremblay: Dennis Kelleher, John Pentore, and Stephen Girolamo, who represented the broker side of the deal.

Players

Dennis Kelleher

Horvath & Tremblay

Broker

$561.5M

vol

96 deals

Broker

Alex Steinbergh

Seller

$10.3M

vol

3 deals

Seller

Danvers 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

3.30%

Cash-on-Cash

-0.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93