Marcus & Millichap Facilitates $3.8M Mixed-Use Property Sale In Beverly, MA
SOLD
$3,800,000
Massachusetts
See Similar DealsMixed-use
Sold 10/28/2022
SOLD
Marcus & Millichap Facilitates $3.8M Mixed-Use Property Sale In Beverly, MA
278 Cabot Street, Beverly, Massachusetts 01915, United States
See Similar DealsMixed-use
Sold 10/28/2022
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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