Alessandra Lacerda - Mendes Realty Acquires Mixed-Use Property On Broad St In Weymouth, MA For $1.1M. Tom McFarland Represents The Seller
SOLD
$1,100,000
Massachusetts
See Similar DealsMixed-use5,886 SF
Sold 10/25/2021
SOLD
Alessandra Lacerda - Mendes Realty Acquires Mixed-Use Property On Broad St In Weymouth, MA For $1.1M. Tom McFarland Represents The Seller
776-782 Broad St, Weymouth, East Weymouth, Massachusetts, USA
See Similar DealsMixed-use5,886 SF
Sold 10/25/2021
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$186
Total Square Footage:5,886 SF
Transaction Type:Sale
A mixed-use property located at 776-782 Broad St in Weymouth, MA has been sold for a price of $1,100,000. The property spans a total of 5,886 square feet, resulting in a price per square foot of $187.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,100,000
- Date: 10/25/2021
- Address: 776-782 Broad St, Weymouth, MA
- Market: Weymouth, MA
The buyer's representative in this transaction was Alessandra Lacerda from Mendes Realty. On the other hand, Tom McFarland represented the seller as part of RE/MAX Realty Pros.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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