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102 North Street

Tuccio Properties Group And Salvatore Capital Partners Purchase Retail Asset In Hingham For $1.3M
SOLDRetail

Tuccio Properties Group And Salvatore Capital Partners Purchase Retail Asset In Hingham For $1.3M

102 North Street

$1,300,000

$404/SF

Building Size

3,214 SF

Asset Type

Retail

Closing

Feb 27, 2025

AI

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.

Players

David Ellis

Broker

$20.3M

vol

6 deals

Broker

Hingham 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93