Prova Inc. Sells Office Building In Danvers, MA For $1.12M
SOLD
$1,120,000
Massachusetts
See Similar DealsOffice9,192 SF
Sold 06/25/2020
SOLD
Prova Inc. Sells Office Building In Danvers, MA For $1.12M
100 Conifer Hill Drive, Danvers, MA 01923, USA
See Similar DealsOffice9,192 SF
Sold 06/25/2020
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$121
Total Square Footage:9,192 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$59,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,979.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,309.37
Annual Debt Service$63,712.46
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