Celestial Church Of Christ Acquires Church In Saint Albans For $630,000
201-09 Hollis Avenue
$630,000
$302/SF
Building Size
2,080 SF
Asset Type
Church
Closing
Feb 27, 2023
About this deal
AI
The Celestial Church Of Christ has purchased a church property located at 201-09 Hollis Avenue in Saint Albans. The property, measuring 2,080 square feet, was sold by Worship Christian Center for a price of $630,000, resulting in a price per square foot of $303.
Summary of transaction details
- Property Type: Church
- Transaction Amount: $630,000
- Address: 201-09 Hollis Avenue, Saint Albans
- Market: Saint Albans
- Buyer: Celestial Church Of Christ
- Seller: Worship Christian Center
- Broker: Mike Sezan - Asset Commercial Realty Group
Mike Sezan from Asset Commercial Realty Group represented the buyer, Celestial Church Of Christ, in this transaction. No additional information was available regarding the deal.
On the Map
$630,000
$302/SF
Church
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
25.18%
Cash-on-Cash
-7.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93