Updated Dec 4, 2024
Schiavo Enterprises Acquires Retail Spaces At 471 Liberty Street And 80 Market Street For $7.72M
471 Liberty Street & 80 Market Street
$7,718,000
$14/SF
Building Size
271,378 SF
Asset Type
Retail
Closing
Sep 30, 2024
About this deal
AI
The asset involved in the transaction is a retail property located at 471 Liberty Street & 80 Market Street in Hanson & Rockland, MA, with a sale price of $7,718,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,718,000
- Buyer: Schiavo Enterprises
- Brokers: Mark Tedeschi & Andrew Tuccio - Ellis Realty Advisors
- Date of Transaction: 09/30/2024
Mark Tedeschi and Andrew Tuccio represented the buyer, Schiavo Enterprises, in this transaction. This transaction reflects the collaboration between the buyer and their brokers to secure the retail property in the specified market.
On the Map
$7,718,000
$14/SF
Retail
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Players
Hanson 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
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93