K. Hoyle Construction Company Acquires Medical Facility In Peabody, MA For $3M
SOLD
$3,000,000
Massachusetts
See Similar DealsOther12,423 SF
Sold 06/25/2020
SOLD
K. Hoyle Construction Company Acquires Medical Facility In Peabody, MA For $3M
68 Prospect Street, Peabody, Massachusetts, USA
See Similar DealsOther12,423 SF
Sold 06/25/2020
Summary
MASSACHUSETTS
Asset Type:Other
Price Per Square Foot:$241
Total Square Footage:12,423 SF
Transaction Type:Sale
A medical facility located at 68 Prospect Street in Peabody, MA was sold on June 25, 2021. The property, which belongs to Thibeault Development, was purchased by K. Hoyle Construction Company for a total of $3,000,000.
Summary of transaction details
- Property Type: Medical Facility
- Transaction Amount: $3,000,000
- Seller: Thibeault Development - William Thibeault
- Buyer: K. Hoyle Construction Company
- Location: 68 Prospect Street, Peabody, MA
William Thibeault represented Thibeault Development as the seller in this transaction. Meanwhile, K. Hoyle Construction Company was represented by their own representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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