Updated Sep 9, 2024
Horvath & Tremblay Sell Medical Office Building In Fairhaven And Credit Union Building In Salem For $6 Million
216 Huttleston Avenue & 4 Paradise Rd
$5,957,158
Building Size
—
Asset Type
Office
Closing
Apr 28, 2023
About this deal
AI
An office building located at 216 Huttleston Avenue in Fairhaven, MA, and 4 Paradise Rd in Salem, MA has been sold for a total of $5,957,158. The property was recently purchased by an undisclosed buyer.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,957,158
- Address: 216 Huttleston Avenue & 4 Paradise Rd, Fairhaven & Salem, MA
- Market: Fairhaven & Salem, MA
The sale was brokered by Todd Tremblay and Bob Horvath of Horvath & Tremblay Real Estate Agency, who represented the buyer and seller in the transaction.
It is worth noting that Horvath & Tremblay, a real estate investment firm, closed two major deals recently. The first sale involved a Fresenius Medical Care building in Fairhaven, MA, which was sold for $4.1 million. The second sale was for a Metro Credit Union building in Salem, MA, with a sale price of $1.8 million.
Fairhaven 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
2.66%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93