Updated Sep 9, 2024
Marcus & Millichap Brokers $4.98M Retail Sale In Beverly, MA
240-242 Elliott St, Beverly, Massachusetts, USA
$4,975,000
$764/SF
Building Size
6,505 SF
Asset Type
Retail
Closing
Oct 22, 2021
About this deal
AI
The retail property located at 240-242 Elliott St in Beverly, MA, has been sold for a total price of $4,975,000. The property spans 6,505 square feet, resulting in a price per square foot of $765. The transaction took place on October 22, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,975,000
- Address: 240-242 Elliott St, Beverly, MA
- Market: Beverly, MA
The seller of the property was represented by Nat Heald from JLL. The buyer's representatives were Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia from NNN Pro Group - Marcus & Millichap. Evan Griffith and Tony Pepdjonovic provided referrals for the buyer.
Players
Beverly 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
3.19%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93