Valerie Batsinelas Purchases Retail Property In Peabody For $1.25M
1 Mount Pleasant Drive
$1,250,000
$89/SF
Building Size
13,991 SF
Asset Type
Retail
Closing
Feb 1, 2024
AI
The retail property located at 1 Mount Pleasant Drive in Peabody, MA, was sold for $1,250,000. The property spans 13,991 square feet, resulting in a price per square foot of $89. The transaction was facilitated by Brian DApice from The Mega Group, representing the seller, Bill Faria, in the deal.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,250,000
- SF: 13,991
- PPSF: $89
- Address: 1 Mount Pleasant Drive
- Market: Peabody, MA
- Buyer: Valerie Batsinelas
- Seller: Bill Faria
- Seller's Rep: Brian DApice - The Mega Group
Valerie Batsinelas was the buyer in this transaction, acquiring the retail property. Brian DApice, from The Mega Group, acted as the seller's representative, handling the negotiations and overseeing the successful completion of the deal.
Players
Peabody Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93