Northeast Advisors Sells Post Office Square Mixed-Use Property In Plymouth For $3.7M
6 Main Street Ext
$3,700,000
$182/SF
Building Size
20,263 SF
Asset Type
Mixed-use
Closing
Jun 18, 2024
AI
The property at 6 Main Street Ext in Plymouth, MA, known as Post Office Square, has been sold for $3,700,000. This mixed-use asset spans 20,263 square feet, resulting in a price per square foot of $183.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,700,000
- Brokers: George N. Vasvatekis, Evan J. Dean & Leroy Wallace - Northeast Advisors
- Date: 06/18/2024
- Market: Plymouth, MA
The sale of Post Office Square was facilitated by George N. Vasvatekis, Evan J. Dean, and Leroy Wallace from Northeast Advisors. The property underwent an ambitious preservation and redevelopment effort, utilizing over $1.5 million in State and Federal Historic Rehabilitation Tax Credits. Recognized with prestigious awards such as the 2017 Paul and Niki Tsongas Awardee for "Best Main Street Development" and the 41st annual Massachusetts Historic Commission’s Preservation Award in 2019, this property has been a successful investment with a variety of tenants, including the United States Postal Service.
Players
Plymouth 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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93