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Compass Represents Sale Of Sherborn Farm For $1.9M

Property Image
SOLD
$1,893,250

Massachusetts

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Other5,162 SF
Sold 05/03/2022
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Property Image
SOLD

Compass Represents Sale Of Sherborn Farm For $1.9M

198 South Main Street, Sherborn, Massachusetts 01770, United States

See Similar Deals
Other5,162 SF
Sold 05/03/2022
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Summary

MASSACHUSETTS
Asset Type:Other
Price Per Square Foot:$366
Total Square Footage:5,162 SF
Transaction Type:Sale

A 6.4-acre farm located at 198 S Main St in Sherborn, MA has been sold for $1,893,250. The property, spanning 5,162 square feet, was sold on 05/03/2022. Laura Mastrobuono of Compass represented the seller, while The Powissett Group, also of Compass, represented the buyer. The sale price per square foot was $367.

Summary of transaction details

  • Property Type: Farm
  • Transaction Amount: $1,893,250
  • Date: 05/03/2022
  • Address: 198 S Main St, Sherborn, MA
  • Square Footage: 5,162
  • Market: Sherborn, MA
  • Buyer's Representative: The Powissett Group - Compass
  • Seller's Representative: Laura Mastrobuono - Compass

Laura Mastrobuono, representing the seller, and The Powissett Group of Compass, representing the buyer, played crucial roles in facilitating the transaction. Together, they ensured a successful sale of the 6.4-acre farm at 198 S Main St in Sherborn, MA.

Players

Laura Mastrobuono
5 deals$9.4M volume
BROKER

Details

SOLD
IMAGE: Laura Mastrobuono DATE: 05/03/2022 ADDRESS: 198 S Main St MARKET: Sherborn, MA ASSET TYPE: Farm ~ ACRES: 6.4 BUYER'S REP: The Powissett Group (@ThePowissettGroup) - Compass SELLER'S REP: Laura Mastrobuono (@LauraMastrobuono) - Compass (@Compass) SALE PRICE: $1,893,250 SF: 5,162 ~ PPSF: $367

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$100,973.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,726.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,974.97
Annual Debt Service$107,699.65