Updated Oct 29, 2024
NECR Hyannis, LLC Acquires Retail Property On Iyannough Road In Hyannis, MA For $5.33M
624 Iyannough Rd, Hyannis, MA 02601, USA
$5,333,000
$234/SF
Building Size
22,744 SF
Asset Type
Retail
Closing
Sep 3, 2020
About this deal
AI
The retail property located at 624 Iyannough Road in Hyannis, MA has been sold for a price of $5,333,000. The property is under a 10-year lease to Harbor Freight Tools.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,333,000
- Address: 624 Iyannough Road, Hyannis, MA
- Market: Hyannis, MA
The seller of the property is MDM Hyannis, LLC, and the buyer is NECR Hyannis, LLC. The transaction was facilitated by John Shields of The Realty Advisory, Inc.
NOTE: The sold property was under a 10-year lease to Harbor Freight Tools.
Players
Hyannis 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
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93