MDC Properties Sells School Property In Hingham, MA For $4.1M
SOLD
$4,125,000
Massachusetts
See Similar DealsOther10,000 SF
Sold 11/26/2021
SOLD
MDC Properties Sells School Property In Hingham, MA For $4.1M
73 Abington St, Hingham, Massachusetts, USA
See Similar DealsOther10,000 SF
Sold 11/26/2021
Summary
MASSACHUSETTS
Asset Type:Other
Price Per Square Foot:$412
Total Square Footage:10,000 SF
Transaction Type:Sale
A school property located at 73 Abington St in Hingham, MA was recently sold for a price of $4,125,000. The property spans across 5.5 acres and offers approximately 10,000 square feet of space. The sale took place on November 26, 2021.
Summary of transaction details:
- Property Type: School
- Sale Price: $4,125,000
- Address: 73 Abington St, Hingham, MA
- Market: Hingham, MA
- Acreage: 5.5 acres
The sale was handled by MDC Properties, with Robert Conrad & Jim McEvoy from The Conrad Group serving as the brokers for the transaction.
Jim McEvoy and Robert Conrad represented the buyer and seller, respectively, in the deal. This transaction marks a significant milestone for all parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$220,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,655.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,554.60
Annual Debt Service$234,655.25
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