RockportCP Realty, LLC Acquires Office Building In Swampscott, MA For $3.8M
990 Paradise Road, Swampscott, Massachusetts 01907, United States
$3,829,457
$158/SF
Building Size
24,203 SF
Asset Type
Office
Closing
May 23, 2022
AI
An office property located at 990 Paradise Rd in Swampscott, MA has been sold for a total price of $3,829,457. The property spans across 24,203 square feet, resulting in a price per square foot of $158.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,829,457
- Address: 990 Paradise Rd
- Market: Swampscott, MA
The buyer, RockportCP Realty, LLC, acquired the property from the seller, 990 Realty, LLC. The buyer's representatives in the deal were Paul Herrick & Jason Grzybek from Herrick Lutts Realty Partners. On the other hand, David Hark from The Drumlin Group represented the seller.
Players
Swampscott 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
4.14%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93