Brian & Mary Pat McSharry Acquire Mixed Use Property In Mansfield, MA For $1.04M
26 Otis Street, Mansfield, Massachusetts 02048, United States
$1,040,000
$73/SF
Building Size
14,151 SF
Asset Type
Mixed-use
Closing
Feb 27, 2022
AI
The mixed-use property located at 26 Otis St in Mansfield, MA has been sold for a price of $1,040,000. The transaction took place on February 28, 2022, and the property spans across 14,151 square feet with a price per square foot of $73.
Summary of transaction details:
- Property Type: Mixed use
- Transaction Amount: $1,040,000
- Address: 26 Otis St
- Market: Mansfield, MA
- Buyer: Brian & Mary Pat McSharry
- Seller: IGW Realty Trust
- Buyer's Rep: Marilyn Santiago & Garrett Quinn - SVN Parsons Commercial Group
- Seller's Rep: Bill Kingdon - Ellis Realty Advisors
The buyer, Brian & Mary Pat McSharry, acquired the property from IGW Realty Trust. The buyer was represented by Marilyn Santiago & Garrett Quinn from SVN Parsons Commercial Group, while the seller was represented by Bill Kingdon from Ellis Realty Advisors.
Players
Mansfield Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.25%
Cash-on-Cash
-4.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93