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197 Pleasant St, Marlboroug...

Ar-Raheem Academy Acquires Special Purpose Property In Marlborough, MA For $3.8M
SOLD

Ar-Raheem Academy Acquires Special Purpose Property In Marlborough, MA For $3.8M

197 Pleasant St, Marlborough, Massachusetts 01752, United States

$3,800,000

$115/SF

Building Size

33,000 SF

Asset Type

Closing

Aug 4, 2022

AI

Ar-Raheem Academy has acquired a Special Purpose property located at 197-207 Pleasant Street in Marlborough, MA. The transaction was completed on the 8th of May, 2022. The property spans an area of 33,000 square feet and was sold for a total price of $3,800,000, resulting in a price per square foot of $115. The seller in this transaction was St. Chretienne.

Summary of transaction details

  • Property Type: Special Purpose
  • Transaction Amount: $3,800,000
  • Address: 197-207 Pleasant Street, Marlborough, MA
  • Market: Marlborough, MA
  • Buyer: Ar-Raheem Academy
  • Seller: St. Chretienne
  • Brokers: James Keogh & Peter Kovago - NAI
  • Size: 33,000 square feet
  • Price per Square Foot: $115

James Keogh and Peter Kovago from NAI acted as the brokers in this transaction, representing both parties involved.

Players

James Keogh

NAI Global

Broker

$45.9M

vol

8 deals

Broker
AA
Ar-Raheem AcademyBuyer

Marlborough CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93