Laurie Ann & Seth Richard Acquire Retail Property On Northampton Street In Easthampton For $5.34M
SOLD
$5,340,000
Massachusetts
See Similar DealsRetail8,775 SF
Sold 06/22/2020
SOLD
Laurie Ann & Seth Richard Acquire Retail Property On Northampton Street In Easthampton For $5.34M
118 Northampton Street, Easthampton, MA, USA
See Similar DealsRetail8,775 SF
Sold 06/22/2020
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$608
Total Square Footage:8,775 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$284,800.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,971.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,314.32
Annual Debt Service$303,771.89
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