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
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