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
Hyannis Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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