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.
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
24.14%
Cash-on-Cash
-6.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93