Marcus & Millichap Boston Acquires Multifamily Property On High Street In Dalton For $2.6M
SOLD
$2,600,000
Massachusetts
See Similar DealsMultiFamily33,528 SF
Sold 10/08/2020
SOLD
Marcus & Millichap Boston Acquires Multifamily Property On High Street In Dalton For $2.6M
447 High St, Dalton, MA 01226, Estados Unidos
See Similar DealsMultiFamily33,528 SF
Sold 10/08/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$77
Total Square Footage:33,528 SF
Transaction Type:Sale
The multifamily property located at 447 High Street in Dalton, MA has been sold for a price of $2,600,000. The property spans a total area of 33,528 square feet, resulting in a price per square foot of $77. The transaction took place on October 8, 2020, with the buyer represented by Matt Pierce of Marcus & Millichap Boston.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Address: 447 High Street, Dalton, MA
- Market: Dalton, MA
- Square Footage: 33,528
- Price per Square Foot: $77
Matt Pierce from Marcus & Millichap Boston played a pivotal role as the broker representing the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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