Mike Vienneau Acquires Retail Property On Humphrey St For $1.25M
434 Humphrey St, Swampscott, Massachusetts 01907, United States
$1,250,000
$186/SF
Building Size
6,720 SF
Asset Type
Retail
Closing
Jan 23, 2022
AI
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.
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93