Prova Inc. Sells Office Building In Danvers, MA For $1.12M
100 Conifer Hill Drive, Danvers, MA 01923, USA
$1,120,000
$121/SF
Building Size
9,192 SF
Asset Type
Office
Closing
Jun 25, 2020
AI
An office property located at 100 Conifer Hill Dr in Danvers, MA was recently sold for $1,120,000. The property spans 9,192 square feet, resulting in a price per square foot of $122. The sale took place on June 25, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,120,000
- Address: 100 Conifer Hill Dr, Danvers, MA
- Market: Danvers, MA
The seller of the property was Prova Inc. The transaction was facilitated by Chris Everest and Kevin Olson from Nordlund Associates, Inc, along with Kristen Karshis from Keller Williams.
Players
Danvers Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.16%
Cash-on-Cash
-4.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93