NECR Hyannis, LLC Acquires Retail Property On Iyannough Road In Hyannis, MA For $5.33M
SOLD
$5,333,000
Massachusetts
See Similar DealsRetail22,744 SF
Sold
SOLD
NECR Hyannis, LLC Acquires Retail Property On Iyannough Road In Hyannis, MA For $5.33M
624 Iyannough Rd, Hyannis, MA 02601, USA
See Similar DealsRetail22,744 SF
Sold
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$234
Total Square Footage:22744 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$284,426.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,947.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,281.14
Annual Debt Service$303,373.69
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