55-65 Sharp Street LLC Acquires Mixed-use Property In Hingham, MA For $4.65M
SOLD
$4,650,000
Massachusetts
See Similar DealsMixed-use37,000 SF
Sold 01/28/2022
SOLD
55-65 Sharp Street LLC Acquires Mixed-use Property In Hingham, MA For $4.65M
55 Sharp Street, Hingham, Massachusetts 02043, United States
See Similar DealsMixed-use37,000 SF
Sold 01/28/2022
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$125
Total Square Footage:37,000 SF
Transaction Type:Sale
A mixed-use property located at 55-65 Sharp Street in Hingham, MA has been sold for $4,650,000. The property spans across 5.81 acres and offers 37,000 square feet of space, resulting in a price per square foot of $126.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,650,000
- Address: 55-65 Sharp Street, Hingham, MA
- Market: Hingham, MA
- Acres: 5.81
- Square Footage: 37,000
The buyer, 55-65 Sharp Street LLC, has purchased the property from the seller, BD Sharp Street Limited Partnership. Representing the seller was James McEvoy from The Conrad Group, while Dave Ellis from Ellis Realty Advisors served as the buyer's representative in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$247,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,520.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,043.37
Annual Debt Service$264,520.47
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