Updated Oct 28, 2024
ACK AMA Realty Ventures LLC Acquires Retail Property In Nantucket, MA For $2.7M
15 S Beach St Ext Nantucket, MA 02554, USA
$2,700,000
$2,250/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
May 31, 2022
About this deal
AI
Located at 15 S Beach St Ext in Nantucket, MA, this retail property spans across 2.2 acres. The transaction took place on 06/01/2022, with a sale price of $2,700,000. The property consists of a 1,200 square foot space, resulting in a price per square foot of $2,250.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,700,000
- Address: 15 S Beach St Ext, Nantucket, MA
- Market: Nantucket, MA
- Acres: 2.2
- Square Footage: 1,200
- Price per Square Foot: $2,250
The buyer, ACK AMA Realty Ventures LLC, acquired the property from sellers Coelho's LLC and BVS Rotary Investors LLC. The transaction represents a successful deal in the retail sector of Nantucket, MA.
Players
Nantucket 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93