Ideal Healthcare Systems Inc Acquires Office In Peabody, MA For $1.375M
2 Bourbon St, Peabody, MA 01960, Estados Unidos
$1,375,000
$8/SF
Building Size
158,000 SF
Asset Type
Office
Closing
Oct 22, 2020
AI
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.
Players
Peabody 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
11.54%
Cash-on-Cash
-3.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93