Updated Oct 28, 2024
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.
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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93