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118 Northampton Street, Eas...

Laurie Ann & Seth Richard Acquire Retail Property On Northampton Street In Easthampton For $5.34M
SOLDRetail

Laurie Ann & Seth Richard Acquire Retail Property On Northampton Street In Easthampton For $5.34M

118 Northampton Street, Easthampton, MA, USA

$5,340,000

$608/SF

Building Size

8,775 SF

Asset Type

Retail

Closing

Jun 21, 2020

AI

118 Northampton Street in Easthampton was recently sold in a retail transaction. The property spans 8,775 square feet, with a sale price of $5,340,000. This translates to a price per square foot of $608.55.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,340,000

The sale of 118 Northampton Street was facilitated by Laurie Ann (L.A.) from Drinkwater and Seth Richard from arcusMillichap_Boston. They represented the parties involved in the deal.

Players

Laurie Ann Drinkwater

Marcus & Millichap

Broker

$75M

vol

13 deals

Broker

Easthampton 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

2.97%

Cash-on-Cash

-0.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93