Richardson Green, Inc Acquires Mixed Use Property In Haverhill, MA For $3.4M
SOLD
$3,400,000
Massachusetts
See Similar DealsMixed-use22,541 SF
Sold 09/29/2022
SOLD
Richardson Green, Inc Acquires Mixed Use Property In Haverhill, MA For $3.4M
242 Neck Road, Haverhill, Massachusetts 01835, United States
See Similar DealsMixed-use22,541 SF
Sold 09/29/2022
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$150
Total Square Footage:22,541 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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