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65 Independence Drive, Hyan...

Bandera Ventures Acquires Retail Space In Hyannis, MA For $61.75M
SOLDRetail

Bandera Ventures Acquires Retail Space In Hyannis, MA For $61.75M

65 Independence Drive, Hyannis, Massachusetts 02601, United States

$61,750,000

$239/SF

Building Size

258,110 SF

Asset Type

Retail

Closing

Apr 6, 2022

AI

A retail property located at 65 Independence Dr in Hyannis, MA has been sold in a transaction on 04/07/2022. The property, with a total square footage of 258,110, was purchased by Bandera Ventures from O'Connor Capital Partners for a sale price of $61,750,000. The property is situated in the Hyannis market and is categorized as a retail asset.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $61,750,000
  • Address: 65 Independence Dr, Hyannis, MA
  • Market: Hyannis, MA

The transaction was facilitated by brokers Geoff Millerd, Jon Martin, and Paul Penman from Newmark, who represented the parties involved in the deal. Their expertise and negotiation skills played a crucial role in the successful completion of the transaction.

Players

Geoffrey Millerd

Newmark

Broker

$825M

vol

14 deals

Broker
BV
Bandera VenturesBuyer

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

0.26%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93