Updated Sep 5, 2024
The NNN Pro Group Of Marcus & Millichap Sells Salem, MA Retail Property For $6.4M
272 Highland Avenue, Salem, Massachusetts 01970, United States
$6,451,667
Building Size
—
Asset Type
Retail
Closing
Apr 11, 2022
About this deal
AI
The retail property located at 272 Highland Ave in Salem, MA has been sold for a total price of $6,451,667. The transaction took place on 04/12/2022. The property is situated in the Salem market and is designated as a retail asset.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,451,667
- BROKERS: Glen Kunofsky, Josh Kanter, & Anthony D'Ambrosia - The NNN Pro Group of Marcus & Millichap
The deal was facilitated by brokers Glen Kunofsky, Josh Kanter, & Anthony D'Ambrosia from The NNN Pro Group of Marcus & Millichap. They played a crucial role in representing the buyer and seller in the transaction.
Players
Salem 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
2.46%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93