Updated Nov 19, 2023
MANSARD Brokers $2.9M Sale Of Mixed-Use Property At 3 Stanley Tucker Dr In Newburyport MA
3 Stanley Tucker Dr
$2,900,000
Building Size
—
Asset Type
Mixed-use
Closing
Apr 28, 2023
About this deal
AI
The $2.9 million sale of 3 Stanley Tucker Dr. in Newburyport, MA has been completed by Chris Melanson of MANSARD. The mixed-use property features two 12' high drive-in doors, nine private offices, a boardroom, fitness room, kitchenette, and a warehouse with a clear height of 22'. The property was delivered vacant to an owner/user.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $2,900,000
- Address: 3 Stanley Tucker Dr, Newburyport, MA
- Market: Newburyport, MA
Chris Melanson of MANSARD represented the buyer or seller in this transaction.
Players
Newburyport 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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93