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55 Sharp Street, Hingham, M...

55-65 Sharp Street LLC Acquires Mixed-use Property In Hingham, MA For $4.65M
SOLDMixed-use

55-65 Sharp Street LLC Acquires Mixed-use Property In Hingham, MA For $4.65M

55 Sharp Street, Hingham, Massachusetts 02043, United States

$4,650,000

$125/SF

Building Size

37,000 SF

Asset Type

Mixed-use

Closing

Jan 27, 2022

AI

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.

Players

David Ellis

Broker

$20.3M

vol

6 deals

Broker

Hingham 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

3.41%

Cash-on-Cash

-0.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93