Updated Dec 20, 2023
Marcus & Millichap Sells Retail Property In Dartmouth, MA For $3.5M
85 Faunce Corner Mall Road, Dartmouth, MA, USA
$3,500,000
$542/SF
Building Size
6,447 SF
Asset Type
Retail
Closing
Dec 28, 1920
About this deal
AI
The retail property located at 85 Faunce Corner Mall Road in Dartmouth, MA has been sold in a closed transaction. The property spans 6,447 square feet and was sold for a price of $3,500,000, resulting in a price per square foot of $542. The transaction was facilitated by L.A. Drinkwater and Seth Richard of Marcus & Millichap.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $3,500,000
- Square Footage: 6,447
- Price per Square Foot: $542
- Address: 85 Faunce Corner Mall Road, Dartmouth, MA
- Market: Dartmouth, MA
L.A. Drinkwater and Seth Richard from Marcus & Millichap played key roles as brokers in facilitating this transaction.
Players
North Dartmouth 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93