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242 Neck Road, Haverhill, M...

Richardson Green, Inc Acquires Mixed Use Property In Haverhill, MA For $3.4M
SOLDMixed-use

Richardson Green, Inc Acquires Mixed Use Property In Haverhill, MA For $3.4M

242 Neck Road, Haverhill, Massachusetts 01835, United States

$3,400,000

$150/SF

Building Size

22,541 SF

Asset Type

Mixed-use

Closing

Sep 28, 2022

AI

Located at 242 Neck Road in Haverhill, MA, a mixed-use property has been sold for $3,400,000. The property spans 22,541 square feet, resulting in a price per square foot of $151. The transaction took place on September 29, 2022. Jim Bartholomew of R.W. Holmes represented the buyer, Richardson Green, Inc.

Summary of transation details

  • Property Type: Mixed Use
  • Transaction Amount: $3,400,000
  • Address: 242 Neck Road, Haverhill, MA
  • Market: Haverhill, MA
  • Square Footage: 22,541
  • Price Per Square Foot: $151

The buyer of the property, Richardson Green, Inc, was represented by Jim Bartholomew from R.W. Holmes. Together, they completed the successful sale of this mixed-use asset in Haverhill, MA.

Players

Jim Bartholomew

R.W. Holmes Commercial Real Estate

Broker

$10.3M

vol

7 deals

Broker

Haverhill 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

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93