Ar-Raheem Academy Acquires Special Purpose Property In Marlborough, MA For $3.8M
SOLD
$3,800,000
Massachusetts
See Similar Deals33,000 SF
Sold 08/05/2022
SOLD
Ar-Raheem Academy Acquires Special Purpose Property In Marlborough, MA For $3.8M
197 Pleasant St, Marlborough, Massachusetts 01752, United States
See Similar Deals33,000 SF
Sold 08/05/2022
Summary
MASSACHUSETTS
Price Per Square Foot:$115
Total Square Footage:33,000 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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