Tuccio Properties Group And Salvatore Capital Partners Purchase Retail Asset In Hingham For $1.3M
SOLD
$1,300,000
Massachusetts
See Similar DealsRetail3,214 SF
Sold 02/27/2025
SOLD
Tuccio Properties Group And Salvatore Capital Partners Purchase Retail Asset In Hingham For $1.3M
102 North Street
See Similar DealsRetail3,214 SF
Sold 02/27/2025
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$404
Total Square Footage:3,214 SF
Transaction Type:Sale
The retail property located at 102 North Street in Hingham, MA has a sale price of $1,300,000. The asset spans 3,214 square feet, resulting in a price per square foot of $404.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,300,000
- Buyer: Tuccio Properties Group & Salvatore Capital Partners
- Seller: Gioiosa Trust
- Broker: David Ellis
The transaction was completed on February 27, 2025, and involved key participants including Tuccio Properties Group and Salvatore Capital Partners, who acted as the buyers, while Gioiosa Trust was the seller, represented in the deal by broker David Ellis.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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