Store Capital Acquires Retail Property In North Andover, MA For $2.13M
SOLD
$2,134,438
Massachusetts
See Similar DealsRetail
Sold 05/13/2022
SOLD
Store Capital Acquires Retail Property In North Andover, MA For $2.13M
267 Chickering Road, North Andover, Massachusetts 01845, United States
See Similar DealsRetail
Sold 05/13/2022
Summary
MASSACHUSETTS
Asset Type:Retail
Transaction Type:Sale
Store Capital has recently acquired a retail property located at 267 Chickering Rd in North Andover, MA. This property was sold by Restaurant Growth Services LLC, represented by Craig Barber. The sale of the property took place on 05/13/2022 at a price of $2,134,438.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,134,438
- Address: 267 Chickering Rd, North Andover, MA
- Market: North Andover, MA
Craig Barber, from Restaurant Growth Services LLC, served as the seller's representative for this transaction. Store Capital successfully completed the purchase of the property, solidifying their presence in the retail market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$113,836.69
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,583.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,118.33
Annual Debt Service$121,419.90
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