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
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