Ideal Healthcare Systems Inc Acquires Office In Peabody, MA For $1.375M
SOLD
$1,375,000
Massachusetts
See Similar DealsOffice158,000 SF
Sold 10/23/2020
SOLD
Ideal Healthcare Systems Inc Acquires Office In Peabody, MA For $1.375M
2 Bourbon St, Peabody, MA 01960, Estados Unidos
See Similar DealsOffice158,000 SF
Sold 10/23/2020
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$8
Total Square Footage:158,000 SF
Transaction Type:Sale
The office property located at 2 Bourbon Street in Peabody, MA has been sold for a total price of $1,375,000. The property spans across 15,800 square feet, resulting in a price per square foot of $87.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,375,000
- Square Footage: 15,800
- Price Per Square Foot: $87
- Address: 2 Bourbon Street, Peabody, MA
- Market: Peabody, MA
The seller of the property was PCE Co LLC, and the buyer was Ideal Healthcare Systems Inc. The seller was represented by Chris Everest and Kevin Olson from Nordlund Associates, Inc, while Jacob VanMeter from Re/Max 360 acted as the buyer's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$73,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,885.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,518.20
Annual Debt Service$78,218.42
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