J & D Realty Trust Acquires Mixed Use Property In Beverly, MA For $1.5M
SOLD
$1,500,000
Massachusetts
See Similar DealsMixed-use7,072 SF
Sold 07/28/2022
SOLD
J & D Realty Trust Acquires Mixed Use Property In Beverly, MA For $1.5M
295 Rantoul Street
See Similar DealsMixed-use7,072 SF
Sold 07/28/2022
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$212
Total Square Footage:7,072 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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