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477 Main Street

George N. Vasvatekis & Mara E. Vasvatekis Acquire Historic Office In Yarmouth Port For $700,000
SOLDOffice

George N. Vasvatekis & Mara E. Vasvatekis Acquire Historic Office In Yarmouth Port For $700,000

477 Main Street

$700,000

$79/SF

Building Size

8,772 SF

Asset Type

Office

Closing

Apr 9, 2026

AI

The property involved in this transaction is an office asset located at 477 Main Street in Yarmouth Port, MA. The sale price for this asset was $700,000, with a total of 16 units. The square footage of the property is 8,772, resulting in a price per unit of $43,750 and a price per square foot of $79.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $700,000
  • Units: 16
  • Square Footage: 8,772
  • Price Per Unit: $43,750
  • Price Per Square Foot: $79
  • Market: Yarmouth Port, MA
  • Buyer's Representative: George N. Vasvatekis & Mara E. Vasvatekis - Coldwell Banker

George N. Vasvatekis and Mara E. Vasvatekis represented the buyer in this transaction. They announced the sale of the historic "Hedge House," which is recognized for its architectural significance and has had various uses throughout its history. They expressed their pride in facilitating the acquisition of this historically significant asset and noted plans to offer a limited collection of office suites for lease in the future.

Players

George N. Vasvatekis
Verified Badge

George N. Vasvatekis

Coldwell Banker

Broker

$11.9M

vol

5 deals

Broker

Dennis 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

22.66%

Cash-on-Cash

-6.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93