Master Printing & Signs Acquires Office In Revere, MA For $849K
SOLD
$849,000
Massachusetts
See Similar DealsOffice3,000 SF
Sold 11/30/2020
SOLD
Master Printing & Signs Acquires Office In Revere, MA For $849K
386 Squire Road, Revere, MA, USA
See Similar DealsOffice3,000 SF
Sold 11/30/2020
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$283
Total Square Footage:3,000 SF
Transaction Type:Sale
An office property located at 386 Squire Road in Revere, MA was recently sold in a closed transaction. The property, measuring approximately 3,000 square feet, was listed for sale by United Service Group. The asking price and sale price for the property were both $849,000, corresponding to a price per square foot of $283. The buyer of the property was Master Printing & Signs.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $849,000
- Address: 386 Squire Road, Revere, MA
- Market: Revere, MA
- Seller: United Service Group
- Buyer: Master Printing & Signs
- Asking Price: $849,000
- SF: 3,000
- PPSF: $283
The sale of the property was facilitated by broker David Maker from Maker Capital, who represented the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$45,280.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,016.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,024.69
Annual Debt Service$48,296.32
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