Updated Oct 29, 2024
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
About this deal
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.
On the Map
$1,650,000
$412,500/SF
Office
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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