Beverly Apartments, LLC Acquires Multifamily Asset In Beverly, MA For $8.8M

The multifamily property located at 80 Herrick St & 600 Cabot St in Beverly, MA has been sold for a total price of $8,800,000. The sale was finalized on 05/06/2022. The property consists of 32 units, with an average price per unit of $275,000. The total square footage of the property is 16,355, resulting in a price per square foot of $538.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,800,000
• Units: 32
• Price per Unit: $275,000
• Square Footage: 16,355
• Price per Square Foot: $538
• Address: 80 Herrick St & 600 Cabot St, Beverly, MA
• Market: Beverly, MA

The buyer of the property is Beverly Apartments, LLC, while the seller is Herrick Realty Holdings, LLC. The deal was facilitated by brokers Jason Grzybek and Peter Lutts from Herrick Lutts Realty Partners.