Mike Vienneau Acquires Retail Property On Humphrey St For $1.25M
SOLD
$1,250,000
Massachusetts
See Similar DealsRetail6,720 SF
Sold 01/24/2022
SOLD
Mike Vienneau Acquires Retail Property On Humphrey St For $1.25M
434 Humphrey St, Swampscott, Massachusetts 01907, United States
See Similar DealsRetail6,720 SF
Sold 01/24/2022
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$186
Total Square Footage:6,720 SF
Transaction Type:Sale
A retail property located at 434-440 Humphrey St in Swampscott, MA has been sold for a price of $1,250,000.00. The property spans across 6,720 square feet, resulting in a price per square foot of $186. The sale took place on December 30, 2021.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $1,250,000.00
- Address: 434-440 Humphrey St, Swampscott, MA
- Market: Swampscott, MA
The buyer of the property is Mike Vienneau, representing 434 Humphrey LLC. The seller is Charles A. Patsios, representing Humphrey Street Trust.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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