Updated Oct 29, 2024
Academy Hill Realty Acquires Retail Property In Swampscott, MA For $19.25M
331 Paradise Road, Swampscott, MA, USA
$19,250,000
$536/SF
Building Size
35,907 SF
Asset Type
Retail
Closing
Nov 30, 2020
About this deal
AI
Located at 331 Paradise Road in Swampscott, MA, a retail property has been sold for a price of $19,250,000. The property is spread across 35,907 square feet, resulting in a price per square foot of $536. The transaction took place on December 1, 2020.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $19,250,000
- Square Footage: 35,907
- Price per Square Foot: $536
- Address: 331 Paradise Road, Swampscott, MA
- Market: Swampscott, MA
The seller of the property was Regency Centers, while the buyer was Academy Hill Realty. Representing both parties in the deal were Chris Angelone, Nat Heald, and Eric Suffoletto from JLL Capital Markets.
Players
Swampscott 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
0.82%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93