Updated Dec 21, 2023
Marcus & Millichap Facilitates $3.8M Mixed-Use Property Sale In Beverly, MA
278 Cabot Street, Beverly, Massachusetts 01915, United States
$3,800,000
Building Size
—
Asset Type
Mixed-use
Closing
Oct 27, 2022
About this deal
AI
The mixed-use property located at 278 Cabot Street in Beverly, MA has been sold for a price of $3,800,000. The sale transaction took place on October 28, 2022. The property is comprised of multiple types of units and offers a versatile space for various uses.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $3,800,000
- Address: 278 Cabot Street, Beverly, MA
- Market: Beverly, MA
The sale was facilitated by Evan Griffith, Tony Pepdjonovic, and Will Sanborn of Marcus & Millichap. These brokers played a crucial role in connecting the buyer and the seller, ensuring a smooth transaction process.
Players
Beverly 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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93