Updated Sep 5, 2024
Marcus & Millichap Brokers Sell Fairhaven Retail Property For $5.1M
2 Sarah's Way, Fairhaven, Massachusetts 02719, United States
$5,100,000
$164/SF
Building Size
31,000 SF
Asset Type
Retail
Closing
Oct 16, 2022
About this deal
AI
The retail property located at 2 Sarahs Way in Fairhaven, MA has been sold for a price of $5,100,000. The transaction took place on October 17, 2022. The property spans a total area of 31,000 square feet, resulting in a price per square foot of $165.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $5,100,000
- Date: October 17, 2022
- Address: 2 Sarahs Way, Fairhaven, MA
- Market: Fairhaven, MA
Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia from The NNN Pro Group - Marcus & Millichap acted as brokers in this deal.
Players
Fairhaven 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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93