Updated Sep 9, 2024
Horvath & Tremblay Brokers Stephen Girolamo & Dennis Kelleher Sell Mixed-Use Property In Beverly, MA For $4.4M
188 Cabot Street
$4,394,751
$167/SF
Building Size
26,282 SF
Asset Type
Mixed-use
Closing
Aug 8, 2022
About this deal
AI
An investment property located at 188 Cabot St in Beverly, MA has been sold in a mixed-use transaction. The property spans 26,282 square feet and was sold for a total of $4,394,751, resulting in a price per square foot of $167.
Summary of transaction details:
- Property Type: Mixed Use
- Transaction Amount: $4,394,751
- Square Footage: 26,282
- Address: 188 Cabot St, Beverly, MA
- Market: Beverly, MA
The deal was facilitated by brokers Stephen Girolamo and Dennis Kelleher from Horvath & Tremblay. Their expertise and representation made the transaction successful.
Players
Sydney 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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93