Brijeshkumar Patel Acquires Retail Property In Peabody From MR Realty II Trust For $1.8M
54 Foster St Peabody, MA 01960, USA
$1,800,000
$300/SF
Building Size
6,000 SF
Asset Type
Retail
Closing
Apr 21, 2023
AI
The retail property located at 54 Foster Street in Peabody, MA has been sold in a closed transaction. The property spans 6,000 square feet and was sold for a price of $1,800,000, resulting in a price per square foot of $300.
Summary of transaction details
The buyer of the property is Brijeshkumar Patel, while the seller is MR Realty II Trust represented by Mat Ambeliotis. The transaction was facilitated by Brian DApice from The Mega Group.
Players
Boston 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93