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1 Mount Pleasant Drive

Valerie Batsinelas Purchases Retail Property In Peabody For $1.25M
SOLDRetail

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

Brian DApice

The Mega Group

Broker

$50.3M

vol

16 deals

Broker

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