7 Prince Place, Unit 301 Sold In Newburyport, MA For $1.65M
7 Prince Place, Newburyport, Massachusetts 01950, United States
$1,650,000
$412,500/SF
Building Size
4 SF
Asset Type
Office
Closing
Sep 12, 2022
AI
7 Prince Place, Unit 301 in Newburyport, MA has been sold for $1,650,000. The office property spans 4,300 square feet and was purchased by 7 Prince Place LLC, represented by Tom O’Rourke. The sale was brokered by Anthony Triglione from Nordlund Associates.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,650,000
- Address: 7 Prince Place, Unit 301, Newburyport, MA
- Market: Newburyport, MA
- Seller: 7 Prince Place LLC - Tom O’Rourke
- Seller's Representative: Tom O’Rourke
- Buyer's Broker: Anthony Triglione - Nordlund Associates
- Square Footage: 4,300
- Price per Square Foot: $384
Tom O’Rourke represented the seller, 7 Prince Place LLC, in this office property transaction in Newburyport, MA. Anthony Triglione from Nordlund Associates acted as the buyer's broker, facilitating the successful sale.
Newburyport 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93