Horvath & Tremblay Sell Retail Property In Beverly, MA For $6.6M
SOLD
$6,593,750
Massachusetts
See Similar DealsRetail21,350 SF
Sold 07/26/2022
SOLD
Horvath & Tremblay Sell Retail Property In Beverly, MA For $6.6M
2-6 Enon Street
See Similar DealsRetail21,350 SF
Sold 07/26/2022
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$308
Total Square Footage:21,350 SF
Transaction Type:Sale
The retail property located at 2-6 Enon St in Beverly, MA has been sold for a transaction price of $6,593,750. The property spans across 21,350 square feet, resulting in a price per square foot of $309.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,593,750
- Address: 2-6 Enon St, Beverly, MA
- Market: Beverly, MA
- Square Footage: 21,350
- Price per Square Foot: $309
The sale of this retail property was facilitated by the team of brokers consisting of Bob Horvath, Todd Tremblay, and Hobie Hare from Horvath & Tremblay.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$351,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,426.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,257.74
Annual Debt Service$375,092.87
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