facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Office

/

Sale

/

100 Conifer Hill Drive

Stonehearth Capital Management Acquires Office Property In Danvers, MA For $657,165
SOLDOffice

Stonehearth Capital Management Acquires Office Property In Danvers, MA For $657,165

100 Conifer Hill Drive

$657,168

$190/SF

Building Size

3,447 SF

Asset Type

Office

Closing

Nov 2, 2022

AI

The recently closed property transaction in Danvers, MA involved an office asset located at 100 Conifer Hill Drive. The property spans a total area of 3,447 square feet and was sold for a price of $657,165, resulting in a price per square foot of $191. The transaction took place on October 3rd, 2022.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $657,165
  • Address: 100 Conifer Hill Drive, Danvers, MA
  • Market: Danvers, MA
  • Buyer: Stonehearth Capital Management, LLC
  • Seller: Castagna Real Estate Development, LLC
  • Broker: Brian Triglione - Nordlund Associates

The office asset located at 100 Conifer Hill Drive was acquired by Stonehearth Capital Management, LLC from Castagna Real Estate Development, LLC. The transaction was facilitated by broker Brian Triglione from Nordlund Associates. This deal demonstrates the active involvement of these key individuals and companies in the real estate market.

Players

Brian Triglione

Nordlund Associates

Broker

$2.5M

vol

2 deals

Broker

Danvers Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

24.14%

Cash-on-Cash

-6.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93