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43 Lewis Bay Road

Office Building In Hyannis, MA Acquired For $4.5M By NNN Pro Group, Marcus & Millichap, And Horvath & Tremblay
SOLDOffice

Office Building In Hyannis, MA Acquired For $4.5M By NNN Pro Group, Marcus & Millichap, And Horvath & Tremblay

43 Lewis Bay Road & 53 Lewis Bay Road

$4,477,611

$200/SF

Building Size

22,294 SF

Asset Type

Office

Closing

Feb 1, 2024

AI

The office property located at 43-53 Lewis Bay Road in Hyannis, MA has been sold in a closed transaction. The property spans 11,147 square feet and was sold for a price of $4,477,611, resulting in a price per square foot of $402.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $4,477,611
  • Address: 43-53 Lewis Bay Road, Hyannis, MA
  • Market: Hyannis, MA

The sale of this office property was facilitated by the following brokers: Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia from NNN Pro Group; Evan Griffith from Marcus & Millichap; and Brian Ahrens from Horvath & Tremblay.

Players

Evan Griffith

Marcus & Millichap

Broker

$388M

vol

65 deals

Broker

Hyannis 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

3.54%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93