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140 Commonwealth Avenue, Da...

Updated Oct 28, 2024

Liberty Tree Medical Acquires Mixed-Use Property In Danvers, MA For $6.1M
SOLDMixed-use

Liberty Tree Medical Acquires Mixed-Use Property In Danvers, MA For $6.1M

140 Commonwealth Avenue, Danvers, Massachusetts, USA

$6,100,000

$279/SF

Building Size

21,791 SF

Asset Type

Mixed-use

Closing

Jun 15, 2020

About this deal

AI

The mixed-use property located at 140 Commonwealth Ave in Danvers, MA has been sold for a total of $6,100,000. The sale was finalized on June 15, 2021. The property spans a total area of 21,791 square feet, equating to a price per square foot of $280. The transaction involved two main parties, with 140 Comm Ave Danvers 2, LLC serving as the seller and Liberty Tree Medical, LLC as the buyer. The sale was facilitated by Nicholas Zolotas from Herrick Lutts Realty Partners, who represented both parties as the broker.

Summary of transation details

  • Property Type: Mixed-use
  • Sale Price: $6,100,000
  • Square Footage: 21,791
  • Price Per Square Foot: $280
  • Date: June 15, 2021
  • Address: 140 Commonwealth Ave, Danvers, MA
  • Market: Danvers, MA

Nicholas Zolotas from Herrick Lutts Realty Partners played a crucial role in the transaction, representing both the seller, 140 Comm Ave Danvers 2, LLC, and the buyer, Liberty Tree Medical, LLC.

Players

Nicholas Zolotas

Herrick Lutts Realty Partners

Broker

$102.9M

vol

35 deals

Broker

Danvers Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $279 per square foot on a published $6.1M for 21,791 square feet (2020).

Visit Nicholas (Nick) Zolotas to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.60%

Cash-on-Cash

-0.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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