SOLDRetail
Marcus & Millichap Brokers $13.4M Sale Of Retail Property In Gloucester, MA
127 Eastern Avenue, Gloucester, Massachusetts 01930, United States
$13,400,000
$130/SF
Building Size
102,977 SF
Asset Type
Retail
Closing
Dec 13, 2021
AI
The retail property located at 127 Eastern Ave in Gloucester, MA was recently sold in a transaction handled by James M. Koury & Alex Quinn of Marcus & Millichap. The sale took place on 12/13/2021.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $13,400,000
- Address: 127 Eastern Ave, Gloucester, MA
- Market: Gloucester, MA
- Building Square Footage: 102,977
- Price Per Square Foot: $130
James M. Koury and Alex Quinn from Marcus & Millichap represented the buyer and seller in this transaction.
Players
Gloucester Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93