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
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