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295 Rantoul Street

J & D Realty Trust Acquires Mixed Use Property In Beverly, MA For $1.5M
SOLDMixed-use

J & D Realty Trust Acquires Mixed Use Property In Beverly, MA For $1.5M

295 Rantoul Street

$1,500,000

$212/SF

Building Size

7,072 SF

Asset Type

Mixed-use

Closing

Jul 28, 2022

AI

A mixed-use property located at 295 Rantoul St in Beverly, MA has been sold for $1,500,000. The property spans a total of 7,072 square feet, resulting in a price per square foot of $212. The transaction took place on 07/28/2022.

Summary of transaction details

  • Property Type: Mixed Use
  • Transaction Amount: $1,500,000
  • Square Footage: 7,072
  • Price per Square Foot: $212
  • Address: 295 Rantoul St, Beverly, MA

The buyer of the property is J & D Realty Trust, while Constantinos Angelakis served as the seller. The deal was facilitated by Nicholas Zolotas and Richard Vincent from Herrick Lutts Realty Partners, who represented the respective parties involved in the transaction.

Players

Nicholas Zolotas

Herrick Lutts Realty Partners

Broker

$93.1M

vol

33 deals

Broker
JT
J & D Realty TrustBuyer

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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93